The Dangote Petroleum Refinery has reduced the ex-depot prices of Premium Motor Spirit (PMS), popularly known as petrol, and Automotive Gas Oil (AGO), also known as diesel, in a move aimed at making refined petroleum products more affordable for consumers and businesses across Nigeria. Under the new pricing structure announced on Wednesday, the refinery cut the ex-depot price of petrol by N50 per litre, bringing it down to N1,165 per litre from N1,215 per litre. Diesel prices were also reduced by N80 per litre, falling from N1,650 per litre to N1,570 per litre. “The price review reflects Dangote Refinery’s ongoing efforts to enhance energy affordability, improve access to refined petroleum products and support economic activities across Nigeria,” the statement said. The latest adjustment comes as the 650,000-barrels-per-day Dangote Petroleum Refinery continues to consolidate its position as a major supplier of refined petroleum products in Nigeria, reducing the country’s dependence on imported fuels and improving the availability of locally refined products.