Dangote Petroleum Refinery has reduced the ex-depot prices of petrol and diesel, lowering the cost of Premium Motor Spirit (PMS) to N1,165 per litre and Automotive Gas Oil (AGO) to N1,570 per litre.
The new pricing, announced on Wednesday, represents a N50 reduction in the ex-depot price of petrol from N1,215 per litre and an N80 cut in diesel from N1,650 per litre.
The refinery said the move was aimed at easing the cost of energy and supporting businesses and households.
“The Dangote Petroleum Refinery has reduced the ex-depot prices of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) as part of efforts to make petroleum products more affordable,” the company said in a statement.
It added: “Under the new pricing structure, the refinery reduced the price of petrol from N1,215 per litre to N1,165, representing a N50 reduction, while diesel was cut from N1,650 per litre to N1,570, amounting to an N80 reduction.”
The company said the price review was intended to “enhance energy affordability, improve access to refined petroleum products and support economic activities across Nigeria.”
