By Daily Review Online
Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), popularly known as petrol, from N1,175 per litre to N1,125 per litre.
The company said the latest price adjustment is part of its ongoing commitment to promoting price stability, improving affordability for consumers, and supporting Nigeria’s energy security objectives.
According to the refinery’s management, the reduction reflects its responsiveness to prevailing market conditions and its determination to pass on operational efficiencies to downstream partners and end-users.
The company noted that the move is expected to provide relief across the fuel supply chain, potentially easing costs for marketers and consumers while strengthening the availability of petroleum products nationwide.
Dangote Refinery reiterated its commitment to contributing to Nigeria’s economic growth through increased domestic refining capacity, enhanced fuel supply, and the development of a more competitive and sustainable petroleum sector.
The refinery stated that it will continue to monitor market dynamics and implement measures aimed at ensuring a stable supply of refined petroleum products while delivering value to stakeholders.
The latest reduction comes amid ongoing efforts to deepen local refining, reduce dependence on imported fuel, and strengthen the country’s energy security framework.