The Dangote Petroleum Refinery has announced a fresh reduction in the gantry price of Premium Motor Spirit (petrol), lowering the ex-depot rate to ₦699 per litre, effective from December 12, 2025. Alongside the price cut, the refinery unveiled a 10-day credit facility for marketers to ease cash-flow pressures and boost product distribution. The new pricing…
The Dangote Petroleum Refinery has once again lowered its petrol gantry price, reducing the ex-depot rate from N828 to N699 per litre. Data from Petroleumprice.ng on Friday confirmed the new benchmark, showing a significant reduction of N129 per litre — a 15.58% drop. A refinery official, who requested anonymity, also confirmed the price cut, saying,…
Dangote Petroleum Refinery has reduced the ex-depot price of petrol by ₦30—from ₦850 to ₦820 per litre. The change took effect on Tuesday, August 12, 2025. Chief Branding and Communications Officer, Anthony Chiejina, said the move reflects the refinery’s commitment to national development and steady fuel supply. Additionally, the refinery will begin the phased rollout…
Dangote Petroleum Refinery has announced a ₦30 reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), also known as petrol, lowering the price from ₦850 to ₦820 per litre. The announcement was made in a statement issued by the Refinery’s Chief Branding and Communications Officer, Anthony Chiejina, who noted that the new price…
There is growing concern in the downstream segment of the oil and gas industry as operators await the Federal Government’s decision on the naira-for-crude agreement between the Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Petroleum Refinery. The six-month deal, which began in October 2024, officially concludes today, Monday, March 31, 2024. Discussions are…
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says Nigerians should expect a reduction in the pump price of the product within the week. Last week, the Nigerian National Petroleum Company (NNPC) Limited and the Dangote Refinery reduced the ex-depot price of petrol to ₦899 per litre in Lagos. While the pump price…
Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product to N899.50k per litre. This was announced in a statement on Thursday morning. The company said the decision was taken to “provide much-needed relief for Nigerians ahead of the holiday season.” Africa’s first privately owned oil refinery, which previously lowered the…
The Petroleum Products Retail Outlets Owners Association of Nigeria says the Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. PETROAN also insisted that imported petrol was cheaper than the N990/litre price of Dangote petrol. Major marketers recently revealed that…
The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalize agreements on the cost and lifting of petrol from the plant. It was learned on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria had been asked by the $20bn Lekki-based refinery to…
The price of Premium Motor Spirit (PMS), or petrol, has increased across all of Nigerian National Petroleum Company Limited’s (NNPC) retail outlets in Lagos from N855 per litre to N998 per litre. From the price it sold for yesterday, this is an increase of 12.7%, or N113 a litre. Drivers were unprepared for the early…
