Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, by N65.00, bringing the price down from N890 to N825 per litre, effective 27th February 2025.
Under the new pricing structure, buyers in Lagos can purchase fuel at N860 per litre at MRS outlets.
According to Dangote, this price adjustment aims 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 populace.
Dangote has consistently lowered the prices of petrol and other refined petroleum products.
This marks the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.
Additionally, in December 2024, during the festive season, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to alleviating the cost of living and providing relief to Nigerians during the holidays.
With this latest reduction, the management of the refinery stated that Nigerians will be able to purchase 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.”
The company assured the public of a stable supply of petroleum products, with sufficient reserves to meet domestic demand and a surplus for export to enhance the country’s foreign exchange earnings.
It urged marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.
