Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) to N820 per litre, marking the second price cut in just two weeks. The 650,000-barrel-per-day refinery announced the reduction via its official X (formerly Twitter) account on Tuesday, July 8, 2025.
This new pricing structure comes just a week after the refinery slashed its ex-depot price from N940 to N840 on July 1, signaling an ongoing effort to ease the burden of high fuel prices on marketers and consumers alike. The latest cut represents a further N20 drop and is expected to influence pump prices across the country.
The ripple effect of Dangote’s pricing has already been felt in the market. Following the previous reduction, the Nigerian National Petroleum Company (NNPC) Limited adjusted its retail price in Abuja to N910 per litre. Similarly, MRS Filling Station, one of Dangote Refinery’s key retail partners, revised its petrol price to N905 per litre in Abuja and N895 per litre in Lagos.
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As Nigerians eagerly anticipate more downward adjustments at the pump, industry analysts say the ongoing price cuts by Dangote Refinery could intensify competition among marketers and pressure other suppliers to follow suit. The refinery’s ability to influence the market just months after commencing large-scale operations highlights its growing dominance in Nigeria’s downstream sector.
With fuel prices being a sensitive issue tied closely to inflation, transportation costs, and public sentiment, Dangote Refinery’s latest move is expected to generate both economic and political reactions in the days ahead.
