Business & Economy

Dangote Refinery Slashes Petrol Price, Sets September 15 for Direct Distribution Rollout

LAGOS — The Dangote Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (PMS), with its direct petrol distribution scheme now scheduled to begin nationwide on Monday, September 15, 2025.

The $20 billion facility said the initiative, earlier slated for August 15, would allow it to deliver petrol and diesel directly to consumers using its fleet of 4,000 compressed natural gas (CNG) trucks at zero logistics cost.

In a revised price template released Monday via the Dangote Group’s official X handle, the refinery pegged its new gantry price at N820 per litre, maintaining the figure announced last month.

With the update, petrol will retail at N841 per litre in Lagos, Oyo, Ogun, Ondo, and Ekiti states — down from N860. In Abuja, Edo, Delta, Rivers, and Kwara, the new retail price is N851, a reduction from N885.

This translates to a cut of N19 per litre across South-West states and N34 per litre in Abuja, the North Central, and the South-South.

The refinery stressed that the new pricing structure and direct-to-consumer fuel distribution would officially take effect on September 15.

However, the template is not binding on all petroleum marketers. Only MRS and Dangote’s distribution partners are expected to align strictly with the new prices.

Meanwhile, tensions continue between the refinery and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), which recently threatened to resume strike action, alleging Dangote reneged on earlier agreements.

In response, the Group reiterated its respect for the voluntary union membership rights of its workforce.

Mike Ojo

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