The Dangote Refinery (DR) is set to begin a nationwide uniform pricing regime from August 15, 2025.
To ilogisticse logistics costs, it has acquired 4,000 CNG-powered trucks and is constructing a refilling network with an estimated Capex of N720 billion and an annual logistics cost of N1.07 trillion.
In another development, the organidation through its cement arm has created 50 agricultural entrepreneurs in Benue state.
“The direct distribution of an estimated 65 million liters of petroleum products is expected to eliminate price arbitrage and regional disparities,” Rewane said in it Financial Derivatives Company (FDC)’s latest report on commodities.
With assurance of a steady supply of petroleum products, more independent marketers have joined the growing list of distributors retailing Dangote Refinery’s high-quality petroleum products across the country.
New marketers signed the partnership deal with Dangote Refinery just as the refinery management announced a reduction in its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N880 to N840 per litre. The new pricing took effect on 30 June 2025.
Dangote Group’s spokesperson, Mr. Anthony Chiejina, confirmed the price adjustment in Lagos, stating: “PMS price has been reduced from N880 to N840 per litre effective 30th June.”
The previous increase to N880 per litre had followed global crude oil market volatility, particularly during the 12-day geopolitical crisis in the Middle East, which pushed crude oil prices to nearly $80 per barrel.
The refinery’s existing partners—MRS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil—are expected to reflect the new pricing at their retail outlets.
Also determined to support the governments in its food security effort, the Dangote Cement Plc has launched a Farmers Empowerment Programme in Benue state.
The initiative is aimed at enabling 50 farmers to produce subsistence and cash crops in commercial quantity from Benue State, considered to be the food basket of the nation.
The programme is coming barely two months after the company empowered businesswomen in Gboko host communities of the State with cash grants, thus deepening business activities in the State. Earlier, the company had increased bursary payments to students of host communities by more than 100 per cent.
Speaking Thursday at the launch of the Farmers Empowerment Programme, General Manager Social Performance, Johnson Kor, described the programme as ‘historic and innovative.’
He said the beneficiaries were selected from the company’s host communities of Gboko Local Government Area of Benue State.
“Today we are witnessing an historic occasion in our journey of mutual development. Farmers Empowerment Programme is the first programme to be launched since we signed the CDA with the immediate host communities in December 2024,” he said.
In his speech, Plant Director, Dangote Cement, Gboko Plant, Munusamy Murugan, said the company will also support farmers with fertilizers, Agro chemicals, Knapsack Sprayers and various types of seedlings.
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