The Dangote Refinery  and Petrochemical Company has effected another reduction in the ex-depot price of premium Motor Spirit PMS otherwise known as petrol.

The company cut the ex-depot price by  ₦50 per litre as global oil prices continue to be on low level.

This adjustment which was made public on Thursday shows that the refinery’s ex-depot price went down from ₦1,175 to ₦1,125 per litre, reflecting the role of market forces of  demand  and suppy  on thr international oil market.

According to Dangote group,  the decision to  reduce price was  a fall out  of the international energy market, particularly the decline in crude oil and refined product prices following reduction in tensions around the straits of Homurz and the Middle East.

Under the new pricing template, marketers buying products from the refinery’s gantry will now pay ₦1,125 per litre instead of the previous ₦1,175.

The refinery also reviewed its coastal supply pricing, reducing the cost from ₦1,495,215 per metric tonne to ₦1,428,165 per metric tonne.

The development is expected to influence pricing decisions across the fuel distribution chain, with industry stakeholders watching closely to see whether the reduction will translate into lower pump prices at filling stations nationwide.

The price adjustment comes shortly after the refinery dismissed reports suggesting that its petroleum products were being shipped to Lomé, Togo, before finding their way back into the Nigerian market.

Responding to the allegation, the company described the claim as misleading and lacking any commercial justification.

Dangote Refinery stated that although it generally avoids responding to what it considers speculative reports, it decided to address the issue in order to prevent misinformation from gaining traction.

The company maintained that its primary focus remains ensuring steady fuel supply, strengthening energy security, and supporting Africa’s growing demand for refined petroleum products.