Dangote Refinery Launches Nationwide Petrol Sales at ₦739 Per Litre
Dangote Refinery has officially launched nationwide sales of Premium Motor Spirit (PMS), popularly known as petrol, at a pump price of ₦739 per litre, a development widely seen as a turning point in Nigeria’s downstream petroleum market.
The announcement follows months of anticipation around the operational rollout of the 650,000-barrels-per-day Lekki-based refinery, Africa’s largest single-train refinery. Industry analysts say the move signals increased domestic supply, reduced dependence on fuel imports, and growing competition in the petroleum sector.
With nationwide distribution now in effect, marketers and consumers alike are expected to feel the impact as fuel availability improves across states. The refinery’s pricing is also expected to influence market dynamics, potentially easing pressure on foreign exchange demand previously driven by fuel importation.
The launch comes amid ongoing reforms in Nigeria’s oil and gas sector, including subsidy removal and deregulation. Stakeholders believe Dangote Refinery’s entry into full-scale petrol distribution could help stabilise pump prices over time while strengthening local refining capacity.
Beyond pricing, the development is being hailed as a milestone for Nigeria’s energy security, job creation, and industrial growth. As distribution expands, attention will now shift to logistics efficiency, supply consistency, and how competing marketers respond to the new benchmark price.
