Dangote Refinery has reduced the ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by 75 naira, bringing the new rate to N1,200 per litre.
The latest price cut is expected to intensify competition in Nigeria’s downstream oil sector, as marketers and independent retailers adjust to the refinery’s increasingly aggressive pricing strategy.
Industry observers say the reduction could ease pressure on consumers battling high transportation and living costs, while also reshaping pricing dynamics across fuel depots nationwide.
The refinery, owned by Nigerian billionaire Aliko Dangote, has emerged as a major force in the country’s energy market since ramping up local fuel supply, reducing dependence on imported petroleum products.
Analysts believe the move may trigger further adjustments across the sector as operators respond to shifting market realities in Africa’s largest oil-producing nation.
