
Dangote Petroleum Refinery has revealed a revision in its pricing framework for Premium Motor Spirit (PMS), commonly referred to as petrol.
This strategic move is expected to have significant implications for both consumers and the broader market, as the refinery continues to adapt to fluctuating economic conditions and supply chain dynamics.
On Friday, January 17, the refinery unveiled a revised pricing framework, establishing a new bulk purchase rate of N955 per litre for customers who buy between 2 million and 4.99 million litres.
This announcement marks a significant shift in the pricing strategy aimed at accommodating larger volume buyers
According to the latest announcement, bulk purchasers looking to buy 5 million litres or more will now face a price of N950 per litre. This marks a 6.17% rise, translating to an increase of N55.5 per litre from the previously discounted rate of N899.50 that was available during the holiday season in December 2024.
The notice further specified that these revised prices will come into effect at 5:30 PM yesterday (Friday), affecting all existing unsold stock and any pending orders. This adjustment is expected to have significant implications for bulk buyers as they navigate the new pricing landscape.
The Dangote refinery has announced a revision in its pricing structure, a decision driven by the recent surge in global oil prices.
This adjustment comes as part of the refinery’s ongoing efforts to align its operations with the fluctuating market conditions, ensuring that customers are kept informed of any changes that may impact their purchasing decisions.
It part reads “Kindly be advised that effective from 5:30 PM today, an upward adjustment has been implemented on the gantry price of Premium Motor Spirit. Please note that all stock balances yet to be lifted at the above-stated time are to be repriced at the new reviewed prices. We shall communicate with customers on their revised volumes based on the reviewed prices, in due course”