Barely one week after implementing a N15 price reduction in its loading cost for Premium Motor Spirit (PMS), also known as petrol, the Dangote refinery has again slashed its refined products prices to make them cheaper, cutting its ex-depot rate to N835 per litre.
The new price is a reduction of N30 from N865 per litre implemented six days ago, marking a 3.5 per cent decrease and N45 from N880 per litre sold by the facility last Wednesday.
This price slash also marks Dangote’s third downward adjustment under six weeks.
According to a report by PUNCH Newspapers, the refinery informed its customers in a notice sent out on Wednesday morning.
Checks into petroleumprice.ng also confirmed the development.
It said the new price is inclusive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) charges.
On Tuesday, the landing cost of imported petrol dropped to N853 per litre.
This comes as marketers secured regulatory approval to import 117,000 metric tonnes—equivalent to 156.897 million litres—of petrol within eight days, from April 8 to 16, 2025, to boost fuel supply nationwide.
These figures were revealed in separate documents by the Nigerian Port Authority (NPA) and the Major Energies Marketers Association of Nigeria.
*Courtesy, excluding headline, The Punch
