In what can regarded as deliberate step to ease financial pressure on Nigerians, Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol from N890 per litre to N825 per litre
According to Dangote Refinery, the price reduction by N65 per litre takes effect from Thursday, February 27, 2025 (today).
In a statement posted on its official X (formerly Twitter) handle on Wednesday, the refinery’s management described the price adjustment as a strategic intervention to provide relief ahead of the Ramadan season.
The refinery also disclosed that the move was part of its contribution to President Bola Tinubu’s economic recovery agenda, which seeks to alleviate financial burdens on Nigerians.
The latest development marks the second price cut in February 2025, following an earlier reduction of N60 per litre at the start of the month. Dangote Refinery had also implemented a significant price drop in December 2024, lowering PMS costs by N70.50 per litre during the yuletide period to prevent seasonal fuel scarcity and price hikes.
The refinery reassured Nigerians of a steady supply of high-quality petrol and outlined the retail prices at its partner outlets.
At MRS Holdings stations, petrol will sell for N860 per litre in Lagos, N870 in the South-West, N880 in the North, and N890 in the South-South and South-East.
Meanwhile, at AP (Ardova Petroleum) and Heyden stations, the prices will be N865 in Lagos, N875 in the South-West, N885 in the North, and N895 in the South-South and South-East.
Dangote Petroleum Refinery further emphasized its commitment to stabilizing the fuel market and enhancing Nigeria’s energy security.
The company also urged marketers to support the initiative to ensure that the benefits of the price reduction reach consumers directly.
The refinery also reaffirmed its dedication to President Tinubu’s vision of making Nigeria self-sufficient in refined petroleum products and positioning the country as a leading player in the global oil market.
