KEY POINTS
- Gantry price set at N820/litre; pump prices expected to fall to N841–N851/litre across major states.
- Initiative could save Nigeria over N1.8 trillion annually and benefit 42 million MSMEs.
- Dangote Petroleum invests N720 billion, deploying 4,000 CNG trucks and revitalizing filling stations nationwide.
Dangote Petroleum Refinery announced a landmark reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, and unveiled plans to begin direct distribution to filling stations across Nigeria starting Monday, September 15, 2025.
The refinery has pegged the gantry price at N820 per litre, with retail pump prices projected to drop to N841 per litre in Lagos and other South-Western states, and N851 per litre in Abuja, Rivers, Delta, Edo, and Kwara states. Officials say the initiative is designed to cut distribution costs, ease inflationary pressures, and potentially save the Nigerian economy more than N1.8 trillion annually.
“This program is aimed at reducing fuel costs across the board while supporting small businesses and households,” a Dangote Petroleum spokesperson said. Analysts note that lower energy prices could improve profitability for more than 42 million micro, small, and medium enterprises (MSMEs), which are particularly sensitive to fluctuations in fuel costs.
Direct Distribution and Investment in Infrastructure
As part of the rollout, the Dangote Group is investing over N720 billion in the initiative, creating direct employment opportunities and revitalizing previously dormant filling stations nationwide. The refinery has deployed 4,000 Compressed Natural Gas (CNG)-powered trucks to enhance distribution efficiency, with plans to expand coverage as additional vehicles are delivered.
Petrol station owners are being encouraged to register for free delivery and other benefits associated with the program. By bypassing intermediaries, Dangote Petroleum aims to streamline supply chains, stabilize prices, and increase accessibility of fuel across urban and rural markets.
“This is more than a price adjustment; it is a strategic move to strengthen Nigeria’s energy sector and support economic growth,” the company said. Industry observers note that the initiative could reshape fuel logistics in the country while providing tangible relief to consumers and businesses alike.
