Thursday, August 6, 2026 - Dangote Refinery has reduced the prices of its Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (AGO), or diesel, nationwide.
The 700,000-barrel-per-day refinery on Wednesday reduced its
petrol gantry price to N1,165 per litre from N1,215 per litre, while diesel was
cut to N1,570 per litre from N1,650 per litre.
This means the mega refinery has reduced the prices of
petrol and diesel by N50 and N80 per litre, respectively.
The latest reduction in petrol and diesel prices by Dangote
Refinery is expected to further drive down retail pump prices across
Nigeria.
The National President of the Petroleum Products Retail
Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, previously
indicated that petroleum product prices would decline further if landing costs
continue to fall.
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