By Kolawole Ojebisi
Dangote Refinery has announced a further reduction in the price of its Premium Motor Spirit ex-depot price to N835 from N865 per litre.
The indigenous $20billion refinery informed its vast customers about the development in a notice sent out on Wednesday morning.
According to Punch, a pro forma invoice from the refinery and checks on petroleumprice.ng confirmed the development.
It stated that the new price is inclusive of charges by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The document detailing the revised price structure shows that PMS at the gantry will now sell for ₦835 per litre, inclusive of NMDPRA statutory levies, while coastal sales remain on hold.
The diesel gantry price is set at $608 plus a $70 surcharge, payable either in naira at ₦1,650/$ or in USD.
Coastal sales are also on hold. Jet fuel will be sold at $664.75 with a $42 gantry surcharge and a $22 coastal surcharge. Prices for cooking gas at both gantry and coastal points are currently on hold.
This move indicates a fresh decrease of N30 in Dangote Petrol price.
Recall that six days ago, Dangote Refinery reduced its ex-depot petrol price to N865 per litre.
With the latest fuel price reduction, Dangote Refinery partners such as MRS filling stations are expected to drop their retail price from N940 per litre to a new price in the coming days.
The development comes as separate documents from the Nigerian Port Authority and the Major Energies Marketers Association of Nigeria showed that marketers secured regulatory approval to import 117,000 metric tonnes—equivalent to 156.897 million litres—of petrol within eight days, from April 8 to 16, 2025, to boost fuel supply nationwide.
Earlier, the Independent Petroleum Marketers Association explained that the eventual renewal of the naira-for-crude deal between the Nigerian government, Dangote Refinery, and other refiners could not crash the price of Premium Motor Spirit significantly because of the forces of demand and supply and depreciation in the foreign exchange rate.
