Dangote Petroleum Refinery and Petrochemicals has cut its gantry price for Premium Motor Spirit (PMS) to N1,200 per litre, setting the coastal price at N1,153 per litre.
The move is expected to influence fuel supply costs across Nigeria’s downstream distribution network.
Anthony Chiejina, spokesperson for the Dangote Group, said the revision reflects a downward adjustment in the refinery’s pricing structure.
He noted that the change came amid heightened uncertainty in the global oil market, driven by geopolitical tensions in the Middle East.
“Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for petrol to N1,200 per litre and its coastal price to N1,153 per litre, a move that comes amid ongoing tensions in the Middle East that continue to influence global oil markets.
“The adjustment marks a downward review in the refinery’s pricing structure and is expected to influence fuel supply costs across distribution channels, including depots and retail outlets,” Chiejina said.
With the new N1,200 per litre gantry price, marketers are expected to adjust their landing costs, particularly those relying on local sourcing rather than imports.
The coastal price of N1,153 per litre is also set to impact marine deliveries to coastal depots, offering an alternative supply route for distributors operating along southern corridors.
Details shortly…
