Dangote Refinery Lowers Petrol and Diesel Prices in Nigeria

Dangote Petroleum Refinery announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) in Nigeria. The price of petrol was decreased by N50 per litre, from N1,215 to N1,165 per litre, while diesel saw a reduction of N80 per litre, dropping from N1,650 to N1,570 per litre.

This adjustment is part of the company's strategy to make energy more affordable and improve access to refined petroleum products. The refinery emphasized its commitment to providing high-quality products while ensuring a stable supply.

The decision is expected to ease operational expenses for businesses and reduce consumer burdens. The refinery aims to enhance energy affordability through operational improvements and modern technology, supporting Nigeria's economic growth and energy security by reducing reliance on imported products.

The long-term goal is to create a sustainable domestic refining industry that meets Nigeria's fuel demand and promotes industrial development.