February 26, 2027
Just like during the 2024 yuletide season, when it slashed the cost of petrol by N70.50, Dangote Refinery, has again, ahead of the Ramadan, announced a reduction in the ex-depot price of Premium Motor Spirit, PMS, popularly known as petrol, effective February 27, 2025 from N890 to N825 per litre.
The Refinery earlier this month announced a gantry price reduction of N60 on February 1, making this recent slash the second price cut in a month
The refinery, in a statement issued on Wednesday, said the latest N65 price cut was a strategic move aimed at providing economic relief to Nigerians ahead of the Ramadan season.
The price adjustment, according to the refinery is expected to help lower transportation costs and ease the financial burden on Nigerians.
It also emphasized that the price reduction is a demonstration of the Dangote group support for the economic reforms of President Bola Tinubu’s administration.
READ MORE; Dangote refinery Insists It Has enough fuel to meet Local Demands.
“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,” the statement said.
Accordingly, the statement noted that pump prices will vary in its partner retail outlets across the country.
In Lagos, MRS Holdings stations will sell the product at N860 per litre while AP (Ardova Petroleum) and Heyden stations will retail it at N865
in the South-West, MRS will sell at N870, while AP and Heyden stations will sell at N875
in the North, it will sell at N880 in MRS stations, and N885 at AP and Heyden stations
READ MORE; Dangote Refinery Partners MRS To Sell PMS At Lower Price
While in the South-South and South-East, MRS stations, sell at N890 in the while AP and Heyden stations will sell at N895.
Dangote Refinery assured the public of a steady fuel supply, stating that it has sufficient reserves to meet local demand as well as surplus capacity for exports to boost Nigeria’s foreign exchange earnings.
The company encouraged petroleum marketers to key-in to the price reduction initiative, with a view to ensuring that consumers enjoy the benefit inherent in the price adjustment.
“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,” it added.
