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Dangote Petroleum Refinery has announced a further reduction in the price of Premium Motor Spirit (PMS), also known as petrol, effective from February 27, 2025. The ex-depot price has been reduced by N65, from N890 to N825 per litre.
According to the company, “this strategic price adjustment is designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season, while also supporting 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 N60.00 earlier in the month. The refinery has consistently lowered the prices of petrol and other refined petroleum products to benefit Nigerians.
The price reduction is expected to have a positive impact on the overall cost of living, benefiting various sectors of the economy. Nigerians will be able to purchase high-quality Dangote petrol at reduced prices in all partner retail outlets, including MRS Holdings, AP (Ardova Petroleum), and Heyden stations.
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 the initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.
As stated by the company, “this collective action will contribute to the broader economic recovery plan led by His Excellency, President Bola Ahmed Tinubu, who is committed to making Nigeria self-sufficient in refined petroleum products and establishing the country as a leading oil export hub.”
The company’s commitment to providing relief to Nigerians is evident in its consistent price reductions. “It is important to note that Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians,” the company stated.
For further information, read more details here
In December 2024, during the Yuletide period, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre. “This reduction has positively impacted the overall cost of living, benefiting various sectors of the economy, and has also ensured that Nigerians did not experience the perennial fuel scarcity and price hikes typically associated with the yuletide season,” the company added.
Nigerians can purchase high-quality Dangote petrol at the following prices in all partner retail outlets:
– For MRS Holdings stations, it will sell for N860 per litre in Lagos, N870 per litre in the South-West, N880 per litre in the North and N890 per litre in the South-South and South-East respectively.
– The same product will also be available at the following prices in AP (Ardova Petroleum) and Heyden stations: N865 per litre in Lagos, N875 per litre in the South-West, N885 per litre in the North, and N895 per litre in the South-South and South-East.
As the company continues to work towards providing relief to Nigerians, it has assured the public of a consistent supply of petroleum products. “We have sufficient reserves to meet domestic demand, as well as a surplus for export to enhance the country’s foreign exchange earnings,” the company stated.
For further information, read more details here
The company has called on marketers to support the initiative, ensuring that Nigerians remain the primary beneficiaries of this effort. “We urge all stakeholders to join us in this effort to provide relief to Nigerians and support the country’s economic recovery,” the company added.
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