The Dangote Petroleum Refinery has slashed its ex-gantry price for Premium Motor Spirit (PMS), commonly known as petrol, from ₦1,125 to ₦1,075 per litre.
This latest adjustment represents a ₦50, or 4.4 per cent, reduction, marking the second price cut by the refinery in just one week.
Data indicates that the refinery has also aligned its coastal loading price to the new ₦1,075 per litre rate, effectively eliminating the previous price gap between coastal and gantry sales.
An anonymous senior official at the Dangote Petroleum Refinery confirmed that the new pricing regime is effective immediately.
“The refinery has reduced the ex-gantry price of PMS from ₦1,125 per litre to ₦1,075 per litre. The coastal loading price has also been adjusted to ₦1,075 per litre. This is part of the refinery’s efforts to make products more accessible and competitive in the market,” the official stated.
In a move to further streamline supply, the refinery has suspended its previous 20-member consortium arrangement.
Product loading at both gantry and coastal terminals is now accessible to all qualified marketers.
“The consortium arrangement has been cancelled. Loading at both the gantry and coastal terminals is now open to all marketers that meet the necessary requirements. The objective is to deepen market access and ensure seamless distribution of products across the country,” the source added.
Verification through petroleumprice.ng confirmed the new ex-depot rate of ₦1,075 per litre.
Industry analysts suggest that this sustained downward trend in ex-depot pricing could pressure retail filling stations to lower their pump prices in the coming days, particularly for those sourcing fuel directly from the refinery.
