In a move set to reshape the Nigerian energy market, the Dangote Petroleum Refinery & Petrochemicals has officially announced a downward review of its pricing structure.
The facility has reduced its gantry price for Premium Motor Spirit (PMS)—the technical term for petrol—to ₦1,200 per litre.
Furthermore, for those sourcing fuel through maritime routes, the coastal price has been pegged even lower at ₦1,153 per litre.
This strategic price review is expected to trigger a ripple effect throughout the downstream distribution chain, potentially lowering the overhead costs for fuel supply across the country.
According to Anthony Chiejina, the spokesperson for the Dangote Group, this adjustment was made despite the uncertainty in the global oil market and rising tensions in the Middle East.
By offering more competitive rates locally, the refinery is helping fuel marketers manage their landing costs more effectively, especially when compared to the high expenses associated with importing petroleum from abroad.
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