In a strategic move, Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), popularly known as petrol, from N950 to N890 per litre. The new pricing structure became effective on Saturday, February 1, 2025.
This price reduction aligns with the recent global decline in crude oil prices, including Nigeria’s Bonny Light, which fell to $75.67 per barrel from over $80 per barrel in the international market. Despite these fluctuations, Dangote Petroleum Refinery reiterated its commitment to transparency, fairness, and providing value to its stakeholders.
