By Charles Pemu 
The Dangote Petroleum Refinery has issued a clarification stating that the recent reduction in Premium Motor Spirit (PMS, or petrol) pump prices by oil marketers was a direct response to the refinery’s price cut on November 6, and was not caused by the temporary reversal of the 15 percent import tariff.
The refinery asserted that its internal pricing adjustments compelled marketers to follow suit.
According to a statement from the company, the price cuts made internally were as follows:
- Gantry Price: Reduced from ₦877 to ₦828
- Coastal Price: Reduced from ₦854 to ₦806
The refinery confirmed that marketers adjusted their prices after these specific cuts were implemented.
The statement emphasized, “We remain committed to delivering high-quality, competitively priced fuel and ensuring Nigerians enjoy the full benefits of domestic refining.”
The clarification comes shortly after the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced that the planned implementation of the 15 percent ad-valorem import duty on petrol and diesel was “no longer in view,” a reversal that would typically lower the landing cost of imported fuel.
