The Dangote Petroleum Refinery has announced a significant reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, as it begins the direct distribution of the product to filling stations across Nigeria starting Monday, September 15, 2025.
In a statement, the company revealed that the ex-depot (gantry) price of PMS will drop to N820 per liter, a move expected to lead to lower pump prices across key states. Retail prices in Lagos and other South-Western states will now stand at N841 per liter, while Abuja, Rivers, Delta, Edo, and Kwara will see prices adjusted to N851 per litre.
The first phase of the direct supply initiative will cover Lagos, the Federal Capital Territory, Kwara, Delta, Edo, Rivers, and other South-Western states, with plans for nationwide rollout as more delivery trucks are added to the fleet.
In addition to slashing prices, the refinery is transitioning to compressed natural gas (CNG)-powered trucks for product transportation a shift the company says could save the Nigerian economy over N1.8 trillion annually. The initiative aims to reduce distribution costs, cut retail fuel prices, and ease inflationary pressures.
The Dangote Group noted that the programme will have far-reaching benefits for Nigeria’s over 42 million micro, small, and medium enterprises, particularly through lower energy costs and improved profit margins.
With overbN720 billion already invested in the project, Dangote says the initiative is also set to breathe new life into dormant filling stations across the country and generate thousands of jobs for truck drivers, fuel attendants, and station managers.
The company is calling on stakeholders including filling station operators, telecom firms, and bulk fuel users to collaborate on the rollout to ensure broad participation and maximize economic impact.