Dangote Petroleum Refinery and Petrochemicals Company has announced a reduction in the ex-depot price of its Premium Motor Spirit (PMS) also known as petrol by N65 from N890 to N825 per litre, effective from Thursday this week.
The company, in a statement issued on Monday, indicated that the downward adjustment of petrol price was aimed at giving some relief to Nigerians ahead of the Ramadan season and supporting the present administration’s economic recovery initiatives.
The statement reads: “Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025.
“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.
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“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. This marks the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.
“Nigerians will be able to purchase high-quality Dangote petrol at the following prices across our partners’ retail outlets. For MRS stations, it will be sold for N860 per litre in Lagos, N870 in the South-West, N880 in the North and N890 in the South South and South East regions.
“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 added.
This is the second PMS price reduction by Dangote refinery in February 2025, following a previous N60.00 decrease earlier in the month. Earlier, in December 2024, the company reduced the price of PMS by N70.50, from N970 to N899.50 per litre.
