Dangote Petroleum Refinery and Petrochemical has as soon as once more lowered the gantry value of its Premium Motor Spirit, PMS, in any other case generally known as petrol, to N699 per litre from N828 per litre, efficient December 11, 2025.
This lowered petrol value represents a N129 per litre lower or a 15.6% drop in comparison with the earlier value.
Though there isn’t any official affirmation from Dangote Refinery, nonetheless, a senior official of the agency confirmed the petrol value discount.
The Dangote official stated, ‘’Sure its true N699 per litre, however I’ll provide the particulars.’’
In line with studies, senior officers have indicated that the refinery launched this value minimize to help in lowering transportation bills forward of the Christmas interval, when hundreds of thousands of Nigerians journey throughout states to reunite with household.
The corporate defined that this pricing adjustment demonstrates their “dedication to make the season memorable for residents and cut back price pressures on highway transport operators.”
Additional value cuts doable
That is the newest in a collection of a number of value changes this yr tied to international crude prices, rising native refining and change fee as Africa’s largest single-train refinery ramps up output since September.
In line with business insiders, the refinery’s successive value adjustments—culminating in right now’s important minimize—sign the definitive collapse of the previous entrepreneurs’ consortium mannequin, which as soon as managed coordinated bulk buying.
Because the refinery expands its nationwide distribution channels, particular person entrepreneurs can now deal instantly, permitting for faster pricing responses and better market attain.
The refinery has framed this newest minimize as each an financial measure and a social initiative. With interstate journey anticipated to rise sharply earlier than Christmas and New 12 months celebrations, the lowered gantry value ought to result in decrease retail gas costs in numerous states, significantly within the North and South-East areas, the place logistics bills usually surge throughout holidays.
Officers famous that additional changes stay doable because the refinery will increase output in preparation for its upcoming growth section.
Credit score facility
In the meantime, Dangote Refinery introduced some the introduction of a 10-day credit score facility to grease entrepreneurs as a part of its incentives and present of help to them.
The value minimize and credit score facility, which is open to all its clients, is contained in a discover issued by the refinery on its official X (previously Twitter) account.
It additionally famous that the credit score facility is topic to a minimal buy of 500,000 litres and is backed by bank ensures.
The discover reads, “To additional help clients, the refinery has launched a 10-day credit score facility, backed by bank ensures, with a minimal buy threshold of 500,000 litres.’’
The newest value minimize is coming a couple of days after the oil agency’s Chairman, Aliko Dangote, restated his dedication to retaining home gas costs “affordable and aggressive” regardless of international volatility and chronic smuggling alongside Nigeria’s borders.
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