{"id":2895,"date":"2026-07-09T19:57:13","date_gmt":"2026-07-09T16:57:13","guid":{"rendered":"https:\/\/zalebs.com\/news\/dangote-refinery-cuts-pms-price-by-n175-l-fuel-costs-ease-at-the-pump\/"},"modified":"2026-07-09T19:57:13","modified_gmt":"2026-07-09T16:57:13","slug":"dangote-refinery-cuts-pms-price-by-n175-l-fuel-costs-ease-at-the-pump","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/dangote-refinery-cuts-pms-price-by-n175-l-fuel-costs-ease-at-the-pump\/","title":{"rendered":"Dangote Refinery Cuts PMS Price by N175\/L, Fuel Costs Ease at the Pump"},"content":{"rendered":"<p>Dangote Refinery has cut the premium motor spirit (PMS) ex-depot price by <strong>N175 per litre<\/strong> over the last three weeks, with recent checks indicating the company has made multiple adjustments to its pricing during the period, pushing down the cost of fuel at the pump even as global oil benchmarks moved higher.<\/p>\n<h2>Price cuts at Dangote and what they mean for PMS<\/h2>\n<p>Checks conducted on <strong>Wednesday<\/strong> showed that Dangote Refinery revised its PMS price at least <strong>four times<\/strong>. The latest reference point cited was a move to <strong>N1,075 per litre<\/strong> from <strong>N1,250 per litre<\/strong> on <strong>June 16, 2026<\/strong>.<\/p>\n<p>That change implies that, across the period being reviewed, domestic fuel prices fell by <strong>14%<\/strong> since <strong>June 16, 2026<\/strong>.<\/p>\n<h2>Domestic pump prices fall, despite higher oil benchmarks<\/h2>\n<p>The news comes as the retail petrol price in Nigeria sustained its decline over the previous three weeks. Pump prices were reported to be trading in a band of <strong>N1,155<\/strong> to <strong>N1,299 per litre<\/strong>.<\/p>\n<p>At the same time, the direction of crude prices contrasted with the domestic trend. <strong>Brent<\/strong> and <strong>West Texas Intermediate (WTI)<\/strong> rose on Wednesday to a range of <strong>$78.19<\/strong> to <strong>$73.70 per barrel<\/strong> on <strong>July 8, 2026<\/strong>.<\/p>\n<h2>Geopolitical backdrop: Middle East airstrikes after ceasefire ended<\/h2>\n<p>The shift in crude markets was linked to developments in the Middle East. Airstrikes in the region reportedly resumed after <strong>United States President Donald Trump<\/strong> announced the end of a ceasefire that had lasted nearly <strong>five months<\/strong> amid a prolonged crisis in the Gulf area.<\/p>\n<ul>\n<li>Dangote Refinery lowered PMS ex-depot pricing by <strong>N175 per litre<\/strong> over the prior three weeks.<\/li>\n<li>Wednesday checks indicated at least <strong>four<\/strong> pricing changes, with a move to <strong>N1,075\/litre<\/strong> from <strong>N1,250\/litre<\/strong> on <strong>June 16, 2026<\/strong>.<\/li>\n<li>Fuel prices in the review period were down by <strong>14%<\/strong> versus the June 16 reference point.<\/li>\n<li>Domestic petrol pump pricing fell to roughly <strong>N1,155\u2013N1,299 per litre<\/strong> over the past three weeks.<\/li>\n<li>On <strong>July 8, 2026<\/strong>, Brent and WTI increased on Wednesday to about <strong>$78.19\u2013$73.70 per barrel<\/strong>.<\/li>\n<li>Airstrikes resumed in the Middle East after the U.S. president declared the ceasefire over, following nearly <strong>five months<\/strong> of Gulf crisis.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Dangote Refinery has cut the premium motor spirit (PMS) ex-depot price by N175 per litre over the last three weeks, with recent checks indicating the company has made multiple adjustments to its pricing during the period, pushing down the cost of fuel at the pump even as global oil benchmarks moved higher. Price cuts at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"Dangote Refinery PMS Price Cuts Ease Fuel Costs in Nigeria","_yoast_wpseo_metadesc":"Dangote Refinery slashes PMS ex-depot price by N175\/L in weeks of adjustments, easing fuel costs for Nigerians despite rising glob","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2895","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dangote Refinery PMS Price Cuts Ease Fuel Costs in Nigeria<\/title>\n<meta name=\"description\" content=\"Dangote Refinery slashes PMS ex-depot 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