Dangote Refinery reduces ex-depot worth by N40 as extra entrepreneurs be a part of partnership deal

With assurance of a gradual provide of petroleum merchandise, extra unbiased entrepreneurs have joined the rising checklist of distributors retailing Dangote Refinery’s high-quality petroleum merchandise throughout the nation.

New entrepreneurs signed the partnership cope with Dangote Refinery simply because the Refinery administration introduced a discount in its ex-depot worth of Premium Motor Spirit (PMS), generally generally known as petrol, from N880 to N840 per litre. The brand new pricing took impact on 30 June 2025.

Dangote Group’s spokesperson, Mr. Anthony Chiejina, confirmed the value adjustment in Lagos, stating: “PMS worth has been diminished from N880 to N840 per litre efficient thirtieth June.”

The earlier enhance to N880 per litre had adopted world crude oil market volatility, notably through the 12-day geopolitical disaster within the Center East, which pushed crude oil costs to just about $80 per barrel.

The refinery’s present companions—MRS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil—are anticipated to replicate the brand new pricing at their stores.

Moreover, a number of new advertising firms have joined Dangote’s distribution community. These embody TotalEnergies, Garima Petroleum, Sunbeth Energies, Sobaz Nigeria Ltd., Virgin Forest Vitality, Sixxco Oil Ltd., N.U. Synergy Ltd., and Soroman Nigeria Ltd. Others on the rising checklist are Jezco Oil Nigeria Ltd., Jengre, Cocean, Kifayat, Triumph Golden, Sifem International, Riquest, and Mamu Oil, amongst others.

The Dangote Refinery, the most important single-train refinery on this planet, continues to broaden its home gas distribution footprint, providing aggressive pricing and bettering entry to subtle merchandise throughout Nigeria.

The refinery, just lately introduced that it has invested over N720 billion to implement its initiative of deploying 4,000 Compressed Pure Fuel-powered vehicles for the nationwide distribution of petroleum merchandise, saying it’s anticipated to save lots of Nigerians over N1.7 trillion yearly.

This step, the administration, will see the refinery take up over N1.07 trillion yearly in gas distribution prices. The initiative can be poised to considerably profit over 42 million Micro, Small and Medium Enterprises (MSMEs) by decreasing power prices and enhancing profitability, the mega refinery stated.

The initiative, which eliminates transportation prices for gas entrepreneurs and large-scale customers, is predicted to assist cut back pump costs and inflation.

From August 15, Dangote will start the direct supply of petrol and diesel to filling stations, industrial services, and different high-volume customers, the corporate stated earlier