Dangote Petroleum Refinery has announced a significant reduction in the ex-depot price of Premium Motor Spirit (PMS) by N65 per litre. Effective February 27, 2025, the price will drop from N890 to N825 per litre, marking another step in the refinery’s commitment to stabilizing fuel costs and supporting economic recovery.
The decision comes as part of Dangote Refinery’s ongoing efforts to provide relief to Nigerians, particularly ahead of the Ramadan season. The price adjustment also aligns with President Bola Ahmed Tinubu’s economic recovery policy, aimed at alleviating financial burdens on citizens.
This is the second price reduction in February 2025, following an earlier cut of N60 per litre. Additionally, during the December 2024 yuletide season, Dangote Refinery lowered petrol prices by N70.50 per litre, ensuring stability in supply and preventing the typical fuel scarcity and price surges associated with the holiday period.
Retail Pricing Across Nigeria
Consumers will be able to access the newly priced Dangote petrol at different rates depending on location and retail outlet. The pricing at MRS Holdings stations is as follows:
Lagos: N860 per litre
South-West: N870 per litre
North: N880 per litre
South-South/South-East: N890 per litre
At AP (Ardova Petroleum) and Heyden stations, the prices are:
– Lagos: N865 per litre
– South-West: N875 per litre
– North: N885 per litre
– South-South/South-East: N895 per litre
Dangote Petroleum Refinery has reaffirmed its commitment to ensuring consistent availability of petroleum products, with sufficient reserves to meet domestic demand while also boosting foreign exchange earnings through exports.
The company has called on marketers to align with this initiative, ensuring that the benefits of these price reductions reach the Nigerian people. This collaborative effort supports President Tinubu’s broader vision of self-sufficiency in petroleum refining and the transformation of Nigeria into a major oil export hub.
