Dangote Petroleum Refinery has declared a decrease in the ex-depot price of Premium Motor Spirit (PMS) also known as petrol by N65.00, lowering it from N890 to N825 per litre. This adjustment will be implemented starting February 27, 2025.
The company made the decision to offer essential assistance to Nigerians ahead of the upcoming Ramadan season and to align with President Bola Ahmed Tinubu’s economic recovery strategy by reducing the financial strain on the Nigerian people.
Recall that Dangote has severally reduced 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 yuletide period, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to easing the cost of living and providing relief to Nigerians during the holiday season.
With the latest reduction, the management of the refinery said Nigerians will be able to purchase the Dangote petrol at the following prices in all our partners’ 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 guaranteed a steady provision of petroleum products, ensuring an ample stock to fulfill local needs and extra for export to boost the nation’s foreign exchange revenue.
The company further called on marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.
