In a strategic move aimed at strengthening its foothold in Nigeria’s domestic fuel market, the Dangote Petroleum Refinery has announced another reduction in the gantry price of Premium Motor Spirit (PMS), popularly known as petrol.
The refinery, which boasts a massive refining capacity of 650,000 barrels per day, has dropped the ex-depot price of petrol from N835 to N825 per litre—marking a continued trend of price cuts within a relatively short period. Just last month, the refinery made headlines by trimming the price from N865 to N835 per litre, signaling a shift in pricing dynamics within the downstream sector.
Industry insiders view the latest cut as a calculated response to intensifying market competition, with Dangote Refinery positioning itself as both a price leader and customer-focused brand in Nigeria’s oil and gas space. The refinery is believed to be leveraging economies of scale and domestic refining advantages to drive down costs and offer more attractive pricing to marketers and end consumers.
Sources close to the company say the new adjustment is not only geared toward delivering better value to customers but also reflects the refinery’s commitment to transforming the local energy landscape by reducing reliance on fuel imports and stabilizing prices in the long run.
Market analysts predict that the price revision may prompt reactions from other fuel suppliers, potentially leading to a ripple effect that could ease fuel cost pressures for Nigerians.
As the refinery ramps up operations and distribution networks, observers say Dangote’s pricing strategy could redefine the future of fuel affordability and supply sustainability in Nigeria.
