Dangote Petroleum Refinery Announces Significant Price Reduction for Petrol

Dangote Petroleum Refinery Announces Significant Price Reduction for Petrol

In a move aimed at providing relief to Nigerians ahead of the Ramadan season, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly referred to as petrol, by ₦65.00, from ₦890 to ₦825 per litre. This price adjustment, effective from February 27, 2025, is designed to support President Bola Ahmed Tinubu's economic recovery policy by alleviating the financial burden on the Nigerian populace.

This marks the second price reduction of PMS in February 2025, following a previous decrease of ₦60.00 earlier in the month. In December 2024, the refinery reduced the price of PMS by ₦70.50, from ₦970 to ₦899.50 per litre, as part of its commitment to easing the cost of living and providing relief to Nigerians during the holiday season.

The new prices for Dangote petrol at retail outlets are as follows:

- MRS Holdings stations: ₦860 per litre in Lagos, ₦870 per litre in the South-West, ₦880 per litre in the North, and ₦890 per litre in the South-South and South-East.

- AP (Ardova Petroleum) and Heyden stations: ₦865 per litre in Lagos, ₦875 per litre in the South-West, ₦885 per litre in the North, and ₦895 per litre in the South-South and South-East.

Dangote Petroleum Refinery has assured the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand and a surplus for export to enhance the country's foreign exchange earnings. The company has called on marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.