The Dangote Petroleum Refinery has reduced the ex-depot (ex-gantry) price of its premium motor spirit (PMS) from ₦880 to ₦865 per litre.
An official of the $20 billion refinery confirmed the development on Thursday, 10 April, 2025 in a statement to newsmen, stating that marketers and distributors had already been informed of the new price.
This latest development comes amid ongoing concerns over high fuel costs and its impact on inflation and transportation across the country.
Following the price drop, fuel stations such as MRS Oil & Gas, Ardova Plc, Heyden, and others with exclusive supply arrangements with the refinery are expected to lower their pump prices to around ₦910 per litre in response to the revised rate.
The reduction comes shortly after a meeting between officials from the Dangote Refinery and the Minister of Finance, Wale Edun, held on Tuesday, 8 April, 2025.
