- NLC lauds coy, urges FG to sell crude in Naira to cut fuel prices
BY CHINYERE OBIORA – Amid rising energy costs, Dangote Petroleum Refinery has announced a N30 reduction in the ex-depot (gantry) price of the Premium Motor Spirit (PMS), popularly known as petrol, from N850 to N820 per litre.
The company said its price adjustment, effective August 12, 2025, is part of efforts to support the economy and provide relief to consumers in the country.
In a statement issued on Tuesday, August 12, 2025, the Group Chief Branding and Communications Officer, Anthony Chiejina, assured the public of a consistent and uninterrupted supply of petroleum products nationwide.
He said the reduction was part of the refinery’s commitment to national development as well as resolve to create a more consumer-friendly marketplace.
Arising from this development, the Nigeria Labour Congress (NLC) has praised the company’s decision to adjust the price, describing it a crucial step in bridging Nigeria’s fuel supply gap, boosting employment, and restoring public confidence in the country’s industrial capacity.
Speaking during a visit to the refinery and Dangote Fertiliser Limited, Chairman of NLC, Lagos State chapter, Funmi Sessi, commended the massive scale and strategic significance of the Dangote Group’s investments, noting that the projects are delivering tangible benefits to the Nigerian people.
Sessi said, “Today, we have seen the massive Dangote Refinery project, as well as the fertiliser plant. We have also observed some of Dangote’s other investments in this axis. It is truly enormous and highly impressive.
“I believe what we have seen is a clear effort to bridge the gap in the availability of essential products in the country and to create job opportunities for Nigerians and others, as well as industrialise the country.”
The NLC lamented that Nigerians have continued to experience an unprecedented surge in the cost of Premium Motor Spirit (PMS) following the Federal Government’s petrol subsidy removal.
Going forward, the Congress urged the Federal Government to prioritise the sale of crude oil in Naira to Dangote Refinery.
It also hailed the Group’s fertiliser company, which is already exporting to international markets, urging the government to leverage these capabilities to enhance food security and reduce dependence on imported agricultural inputs.
Meanwhile, the Vice President, Oil and Gas, Dangote Industries Limited, Devakumar Edwin, has confirmed the planned deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to support the distribution of refined petroleum products across Nigeria.
Edwin said the development is meant to ensure that the benefits of domestic refining and the accompanying reduction in fuel prices are fully passed on to Nigerian consumers.
