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JUST-IN: Dangote Refinery Slashes Petrol Price By N10

by Nafisat Abdulrahman
3 months ago
in News
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The Dangote Petrochemicals Refinery has introduced a N10 reduction on the ex-depot price of Premium Motor Spirit (PMS), reducing the cost of petrol for its customers from the official N835 per litre to N825 per litre.

According to Punch, sources familiar with the development said on Monday that while marketers still pay the publicly quoted N835 per litre at the point of purchase, they now receive a N10 refund after successfully loading the products from the refinery.

“The Dangote refinery has started giving a rebate on its products. It’s not an official reduction yet, but paid back after marketers buy products from them,” a source confirmed.

This price adjustment, although unofficial, has enabled Dangote’s customers to retail petrol at a slightly lower price range between N830 and N835 per litre, giving them a competitive edge over importers and private depot operators, many of whom still offer petrol at higher rates.

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The development came just weeks after the refinery made two consecutive price cuts within a single week in April, slashing its gantry price from N880 to N835 per litre, a significant N45 drop.

The reductions are believed to be linked to the renewed implementation of the Naira-for-Crude policy, which mandates local refiners to pay in Naira for crude oil supply, following a temporary suspension.

Efforts to obtain an official statement from the Spokesperson of Dangote Group, Anthony Chiejina, on the rebate policy were unsuccessful as of press time.


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Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

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