Dangote Petroleum Refinery has announced a significant reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol. The new price will drop by ₦65 per litre, bringing it down from ₦890 to ₦825 per litre, effective February 27, 2025.
This move comes as part of Dangote Refinery’s commitment to easing the financial burden on Nigerians, particularly as the country approaches the Ramadan season. It also aligns with President Bola Ahmed Tinubu’s economic recovery policy aimed at reducing the cost of living for citizens.
Dangote’s Continuous Fuel Price Reductions
This is the second petrol price reduction by the Dangote Refinery in February 2025 alone, following an earlier ₦60 per litre cut. The refinery had also slashed prices in December 2024, reducing the cost by ₦70.50 from ₦970 to ₦899.50 per litre during the yuletide period. These reductions have played a crucial role in stabilizing fuel availability, preventing the usual fuel scarcity and price hikes that Nigerians often experience during festive periods.
New Petrol Prices Across Nigeria
Nigerians will now be able to purchase Dangote’s high-quality petrol at varying prices across different regions through partner retail outlets. At MRS Holdings stations, petrol will be sold at ₦860 per litre in Lagos, ₦870 in the South-West, ₦880 in the North, and ₦890 in the South-South and South-East.
Similarly, at AP (Ardova Petroleum) and Heyden stations, the petrol prices will be as follows:
₦865 per litre in Lagos
₦875 per litre in the South-West
₦885 per litre in the North
₦895 per litre in the South-South and South-East
Read also: Dangote Refinery slashes petrol price as UAE increases fuel costs
Ensuring a Steady Supply of Petrol
Dangote Petroleum Refinery has assured Nigerians that it will continue to maintain a consistent fuel supply to meet domestic demand while also producing a surplus for export to boost Nigeria’s foreign exchange earnings. The company has called on marketers to support this initiative, ensuring that Nigerians can fully benefit from the price reductions.
With this latest move, Dangote Refinery is reinforcing its commitment to making Nigeria self-sufficient in refined petroleum products. The company remains a key player in President Bola Ahmed Tinubu’s broader economic recovery plan, positioning the country as a major oil export hub.
This development is expected to bring significant relief to households and businesses, particularly amid ongoing economic challenges. As petrol prices drop once again, Nigerians can look forward to reduced transportation costs and lower expenses across various sectors.
