Dangote Petroleum Refinery has announced a downwards adjustment in its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N890 to N825 per litre, effective from today February 2025. According to the billionaire business mogul, the move was to cushion the pain on Nigerians in anticipation of the upcoming Ramadan season, as well as supporting President Bola Ahmed Tinubu’s economic recovery policy plan to reduce hardship.
Recall that Dangote had on several occasions reduced the prices of petrol and other refined petroleum products.
This is coming as the second time Dangote is crashing petroleum price in 2025, following a previous decrease of N60.00 earlier in the month.
Dangote also reduced his product price in December 2024, during the yuletide period by N70.50, from N970 to N899.50 per litre, as part of its commitment to easing the cost of living for Nigerian common man during the holiday season.
With the latest one, the management of the refinery believed that Nigerians can now be able to purchase its Dangote petrol product at the said prices in all our partners’ retail outlets.
The statement said, “For MRS Holding’s 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 has assured the general public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand, as well as a surplus for export to enhance the country’s foreign exchange earnings.
Meanwhile, the company has called on its marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.
