The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N850 to N820 per litre. The N30 price cut, effective from August 12, 2025, is aimed at easing the burden on consumers amid rising living costs.
The refinery described the decision as part of its “unwavering commitment to national development,” assuring Nigerians of a steady and uninterrupted supply of petroleum products. This move is expected to provide some relief to transporters, businesses, and households struggling with high fuel expenses.
In a parallel development, Dangote announced plans to roll out 4,000 Compressed Natural Gas (CNG)-powered trucks beginning August 15, 2025. These vehicles will be dedicated to fuel distribution across Nigeria, marking a significant step toward cleaner and more sustainable energy transportation.
According to the refinery, the deployment of CNG-powered trucks will enhance operational efficiency while reducing greenhouse gas emissions. This aligns with Nigeria’s broader energy transition agenda, which aims to diversify fuel options and promote environmentally friendly solutions in the oil and gas sector.
With the twin initiatives of a petrol price reduction and the introduction of CNG-powered trucks, Dangote is positioning itself as both a driver of energy affordability and a leader in sustainable fuel distribution. Analysts say the move could also spark competitive price adjustments in the downstream oil sector, benefiting millions of Nigerians.
Source: The sun