{"id":69381,"date":"2025-07-01T09:04:03","date_gmt":"2025-07-01T09:04:03","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=69381"},"modified":"2025-07-01T09:04:03","modified_gmt":"2025-07-01T09:04:03","slug":"dangote-slashes-petrol-price-to-%e2%82%a6840-unveils-national-rollout-plan","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/07\/01\/dangote-slashes-petrol-price-to-%e2%82%a6840-unveils-national-rollout-plan\/","title":{"rendered":"Dangote Slashes Petrol Price to \u20a6840, Unveils National Rollout Plan"},"content":{"rendered":"<p><strong>By Oso Abidemi<\/strong><\/p>\n<p>The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), from \u20a6880 to \u20a6840 per litre, in what the company described as a strategic move to ease pump prices and drive nationwide distribution.<\/p>\n<p>Anthony Chiejina, Chief Corporate Communications Officer of the Dangote Group, announced the development on Monday, linking the price cut to a recent dip in global oil prices.<\/p>\n<p>Brent crude dropped from $68.67 to $67.61 per barrel within a week.<\/p>\n<p>The price drop comes amid rising pump prices in the country, with NNPC Limited recently increasing its retail price to \u20a6925 per litre at some Lagos stations.<\/p>\n<p>Ahead of its August 15 nationwide distribution rollout, Dangote Refinery has acquired 4,000 CNG-powered tankers to deliver petrol and diesel directly to retail stations, manufacturers, aviation operators, and other bulk users, without additional logistics charges.<\/p>\n<p>\u201cThis programme reflects our commitment to cutting logistics costs, promoting sustainability, and supporting Nigeria\u2019s economic growth,\u201d the company stated.<\/p>\n<p>As part of the strategy, a two-week credit facility was introduced for large-scale buyers. Buyers who purchase at least 500,000 litres will receive an equal volume on credit, provided they meet KYC and bank guarantee requirements. Registration runs until August 15.<\/p>\n<p>While industry analysts welcome the move as potentially reducing inflation and improving consumer access, some stakeholders have raised concerns. PETROAN warned of a possible monopoly that could threaten jobs, while MEMAN called for clarity on the distribution model.<\/p>\n<p>Dangote Group estimates the strategy could save the nation over \u20a61.7 trillion annually. Over \u20a6720 billion has already been invested in the new trucks.<\/p>\n<p>The company reiterated its commitment to equitable fuel access across Nigeria, saying the initiative aligns with President Bola Tinubu\u2019s Renewed Hope Agenda for economic stability and industrial growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Oso Abidemi The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), from \u20a6880 to \u20a6840 per litre, in what the company described as a strategic move to ease pump prices and drive nationwide distribution. Anthony Chiejina, Chief Corporate Communications Officer of the Dangote Group, announced the development on Monday, [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":69382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-69381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=69381"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69381\/revisions"}],"predecessor-version":[{"id":69383,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69381\/revisions\/69383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/69382"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=69381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=69381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=69381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}