Gasoline Will get Cheaper: Dangote Slashes PMS Value by N100, Declares Gasoline Shortage “Gone for Good”

The administration of Dangote Petroleum Refinery has introduced a serious discount within the costs of Premium Motor Spirit (PMS), generally often known as petrol, and Automotive Fuel Oil (AGO), also referred to as diesel. This strategic adjustment is aimed toward easing the monetary burden on customers and supporting broader financial stability throughout Nigeria.

Beneath the brand new pricing framework, the gantry value of PMS has been lowered from ₦1,175 to ₦1,075 per litre—a discount of ₦100. The coastal value has additionally been adjusted downward from ₦1,150 to ₦1,028 per litre, representing a ₦122 lower. Diesel costs have equally been diminished from ₦1,620 to ₦1,430 per litre, amounting to a ₦190 reduce.

This determination underscores our dedication to sustaining a pricing construction that is still delicate to international market traits and reflective of our ideas of equity and transparency.

The refinery famous that as an organization working underneath strict governance requirements and robust moral values, it is crucial for us to make sure our pricing aligns with the continued decline in international crude oil costs. All crude processed on the refinery is bought on the international benchmark value, plus a premium of $3 to $6. International alternate funds are made on the prevailing market fee, with no subsidies utilized to both crude or foreign exchange. Moreover, crude equipped via the Naira‑for‑Crude association is priced in step with the worldwide benchmark plus premium and transformed to naira utilizing the present alternate fee.

In 2025 alone, we diminished our gantry costs on no fewer than eight events, growing them solely twice—an effort rooted in financial patriotism and our accountability to the Nigerian individuals. We stay dedicated to making sure that any price benefits are handed on to customers throughout the 36 states and the Federal Capital Territory.

Not too long ago, the Managing Director of Dangote Petroleum Refinery, David Hen, assured Nigerians that the refinery will proceed to satisfy the nation’s gasoline demand regardless of turbulence within the international oil and fuel market. He famous that whereas gasoline‑import‑dependent nations are experiencing panic shopping for and rationing, Nigeria is not going to face related situations due to the refinery’s unwavering dedication to making sure nationwide gasoline availability.

Hen highlighted that the refinery continues to produce uninterrupted gasoline to the home market at the same time as geopolitical tensions within the Center East have triggered sharp will increase in crude costs, freight fees, and insurance coverage prices. He described the current spike in crude markets as unprecedented, declaring that oil surged from the mid‑$60 vary to almost $120 per barrel in only one week—disrupting each phase of the worldwide vitality provide chain.

Whereas acknowledging that the refinery shouldn’t be insulated from international value fluctuations, freight volatility, or rising insurance coverage premiums, Hen emphasised that Nigeria now enjoys a big benefit: a safe gasoline provide pushed by home refining capability.

“What could be worse than $120 oil isn’t any oil,” he famous, stressing that a number of international locations are actually rationing gasoline attributable to whole dependence on imports. He added that even nations with robust refining sectors have begun proscribing gasoline exports to guard their home markets amid the continued international provide shock.

Hen reaffirmed that so long as the refinery continues to obtain crude from the Federal Authorities and the Nigerian Nationwide Petroleum Firm Restricted (NNPCL), it would stay absolutely dedicated to supplying the home market.

“With the continued assist of the federal government and uninterrupted entry to native crude provide, Dangote Refinery will constantly meet all of Nigeria’s refined gasoline necessities,” he assured.