Dangote Refinery Slashes Petrol, Diesel Prices Again

By —

The Dangote Petroleum Refinery and Petrochemicals has announced another reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO). The move is part of the refinery's ongoing push to lower fuel costs and boost economic activity across Nigeria.

Under the latest adjustment, the refinery cut the ex-depot price of PMS, commonly known as petrol, to N1,250 per litre from N1,275 per litre. The price of AGO, or diesel, dropped to N1,700 per litre from N1,800 per litre.

The price review comes as the refinery continues to improve supply efficiency and deepen domestic refining. The goal is to provide cost relief for consumers and businesses that rely heavily on petroleum products for transportation, power generation, and industrial operations.

Since starting operations, the 650,000 barrels per day refinery has steadily increased its supply of refined products to the local market. This is aimed at ending Nigeria's dependence on imported fuels.

Forex News

SEC admits 7 more crypto firms into regulatory sandbox, total now 9
ABOKI FOREX
Petrol Price War: Marketers Slash PMS Costs by Up to N43 as Dangote Refinery Cuts Again
ABOKI FOREX
Why petrol landing cost is falling below Dangote refinery price
ABOKI FOREX
Beta Glass Plc Posts ₦37.5bn Revenue, Elects New Board at 52nd AGM
ABOKI FOREX
Why petrol is still above N1,000: Dangote, importers battle for market control
ABOKI FOREX
Cooking gas prices drop by over N1,000 per kg as depots cut rates
ABOKI FOREX
Naira Mixed Against US Dollar: Gains in Official Market, Falls in Black Market
ABOKI FOREX
NNPC Slashes Petrol Pump Prices Again, Lagos Drops to N1,170 and Abuja to N1,210
ABOKI FOREX
Dangote Cement chairman blames energy costs, forex for high cement prices
ABOKI FOREX
Sycamore assures customers after CBN revokes acquired microfinance bank licence
ABOKI FOREX