*The Dangote Petroleum Refinery, Lagos, announces fresh reductions in ex-depot prices of the Premium Motor Spirit, also called petrol, and diesel, as it reaffirms its commitment to providing affordable, high-quality petroleum products for Nigerian energy consumers
Isola Moses | ConsumerConnect
The Dangote Petroleum Refinery, Lagos, has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS), also called petrol, and Automotive Gas Oil, otherwise known as Diesel, effective from Thursday, August, 2026.
The oil-refining facility reaffirmed its commitment to providing affordable, high-quality petroleum products to the Nigerian market.
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Dangote Refinery, in a statement late Wednesday, August 5, 2026, disclosed that under the new pricing structure, it has reduced the ex-depot price of PMS to N1,165 per litre, down from N1,215 per litre, representing a reduction of N50 per litre.
Likewise, the company said ex-depot price of Diesel had also been reduced to N1,570 per litre from N1,650 per litre, amounting to a decrease of N80 per litre.
The statement noted the latest price review reflected Dangote Refinery’s ongoing efforts at enhancing energy affordability, improve access to refined petroleum products, and support economic activities across Nigeria.
Dangote stated: “The Refinery remains committed 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.”
The statement added: “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.”