In a significant move poised to ease the economic burden on Nigerians, the Dangote Petroleum Refinery has announced a major reduction in its gantry price for Premium Motor Spirit (PMS), popularly known as petrol, from its previous rate to ₦825 per litre.
"This price drop reflects our dedication to being a catalyst for economic development. We understand the strain high fuel costs place on the averaget of Dangote Refinery’s commitment to support national economic stability and provide affordable energy to the public amidst rising global fuel prices. The reduced gantry price is expected to create a ripple effect across the fuel distribution chain, potentially lowering pump prices and improving access to affordable fuel for millions of Nigerians.
Industry analysts have noted that the refinery’s decision could influence broader market pricing trends, especially as the country seeks to reduce its dependence on imported petroleum products and strengthen local refining capacity.