The Dangote Refinery has announced a significant reduction in the ex-gantry price of Premium Motor Spirit, commonly known as petrol. The new price stands at 1,200 Naira per liter after a substantial cut of 75 Naira. This development brings welcome relief to Nigerian consumers who have faced high fuel costs in recent times.

This price adjustment reflects the refinery’s commitment to enhancing affordability and supporting the national economy. By lowering the ex-gantry price, Dangote Refinery aims to ease the financial burden on households, businesses, and transporters across the country.

Industry observers note that such reductions could help stabilize transportation costs, influence the prices of goods and services, and contribute to moderating inflationary pressures in the broader economy. The move also underscores the growing impact of local refining capacity on Nigeria’s energy sector, potentially reducing reliance on imported fuel and improving overall supply reliability.

Analysts believe this step may encourage healthy competition within the downstream petroleum sector while demonstrating the refinery’s operational efficiency and responsiveness to market dynamics.

Consumers are expected to benefit directly at the pumps in the coming days as the adjusted pricing takes full effect across distribution channels.