Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel).

The refinery said that the changes are effective Thursday, August 6, thereby reaffirming its commitment to providing affordable, high-quality petroleum products to the Nigerian market.

Under the new pricing structure, it reduced the ex-depot price of PMS to ₦1,165 per litre, down from ₦1,215 per litre, representing a reduction of ₦50 per litre.

Similarly, the ex-depot price of diesel has been reduced to ₦1,570 per litre from ₦1,650 per litre, amounting to a decrease of ₦80 per litre.

The Dangote Refinery said that the price review reflects ongoing efforts to enhance energy affordability, improve access to refined petroleum products, and support economic activities across Nigeria.

The refinery reaffirmed its commitment to ensuring stable supply while leveraging operational efficiencies to deliver value to consumers, businesses, and stakeholders.

“As Africa’s largest refinery, Dangote Petroleum Refinery continues to play a pivotal role in strengthening Nigeria’s energy security, reducing reliance on imports, and supporting the nation’s economic development through the supply of world-class petroleum products, it stated.

The company reaffirmed its dedication to contributing to the growth of the Nigerian economy and passing on the benefits of improved operational efficiencies to consumers whenever market conditions permit.