The President of Dangote Group, Aliko Dangote, has announced a fresh reduction in the ex-depot prices of petrol and diesel, with the Dangote Petroleum Refinery lowering the price of Premium Motor Spirit (PMS) to ₦1,250 per litre and Automotive Gas Oil (AGO) to ₦1,700 per litre.
The refinery disclosed the development in a statement, describing the adjustment as part of its commitment to making refined petroleum products more affordable and supporting economic activities across the country.
Under the new pricing structure, the ex-depot price of petrol was reduced from ₦1,275 per litre to ₦1,250 per litre, while diesel dropped from ₦1,800 per litre to ₦1,700 per litre.
According to the company, the latest price review reflects ongoing efforts to improve supply efficiency, strengthen domestic refining capacity and provide cost relief for consumers and businesses that rely heavily on petroleum products for transportation, power generation and industrial activities.
The refinery stated that the reduction aligns with its broader objective of ensuring a steady supply of refined petroleum products to the domestic market while easing the financial burden on end users.
It added that since commencing operations, the refinery has continued to increase the supply of refined products within Nigeria as part of efforts to reduce dependence on fuel imports and boost local refining.
The 650,000-barrels-per-day refinery noted that expanding domestic refining remains critical to enhancing energy security and supporting economic growth in the country.
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