Dangote Refinery Slashes Petrol Price To ₦820 per Litre
By: Olufemi Orunsola
OPEN TELEVISION NAIJA (OTN) News reports that Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦850 to ₦820 per litre effective from Tuesday, 12 August 2025.
The announcement was made by Group Chief Branding and Communications Officer at Dangote Group, Anthony Chiejina, who emphasized the refinery’s commitment to stabilising Nigeria’s petroleum market.
In his words, “This reduction reflects our dedication to supporting national development and easing the burden on consumers."
He further revealed that "The decision follows fluctuations in global crude oil prices, with Dangote Refinery adjusting its pricing to benefit Nigerian consumers"
Meanwhile, Energy sector experts have predicted that major fuel marketers, including MRS Oil & Gas, Ardova Plc, and Heyden Petroleum, which have supply agreements with Dangote, may reduce pump prices to below ₦885 per litre in some areas
On a general scale, the new price drop is expected to lower retail prices at filling stations, offering respite to motorists and businesses dependent on petrol.
Additionally, Dangote Refinery plans to strengthen its distribution network by deploying 4,000 Compressed Natural Gas (CNG)-powered trucks starting 15 August 2025.
This ₦720 billion initiative aims to improve fuel distribution nationwide while promoting sustainable energy and reducing carbon emissions. The move is projected to save Nigeria approximately ₦1.7 trillion annually by cutting transportation costs for fuel marketers.
Reacting to the price cut, many consumers of the essential commodity and businesses have welcomed the price reduction, particularly as Nigeria faces inflationary challenges and high cost of food.
Given its production capacity of 650,000 barrels per day, Dangote Refinery, Africa’s largest single-train refinery, continues to transform Nigeria’s energy sector by reducing reliance on imported fuel and ensuring a stable domestic supply. The refinery is positioning Nigeria as a potential hub for refined petroleum products in the region.
The refinery has urged marketers to pass on the price reduction to consumers, aligning with the federal government’s economic recovery policy thrust.
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