Dangote Refinery Cuts PMS Ex-Depot Price By ₦65 To Ease Economic Burden Ahead Of Ramadan

Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦65 per litre, bringing the price down from ₦890 to ₦825 per litre. The new pricing takes effect from February 27, 2025.

In a statement, the refinery explained that this price adjustment is aimed at providing relief to Nigerians ahead of the upcoming Ramadan season while also supporting President Bola Ahmed Tinubu’s economic recovery plan. By reducing fuel costs, Dangote Petroleum Refinery seeks to alleviate the financial strain on citizens, reinforcing its commitment to ensuring affordability and stability in the country’s fuel supply.

This latest reduction marks the second PMS price cut in February 2025, following an earlier ₦60 per litre decrease. It also continues a trend of price reductions, as seen in December 2024, when the refinery lowered PMS prices by ₦70.50 per litre during the yuletide season. These reductions have helped cushion Nigerians from high living costs, particularly during festive periods, while also ensuring fuel availability and preventing the typical scarcity associated with such seasons.

Nigerians will have access to high-quality Dangote petrol at different pricing levels across the country, depending on the retail outlet and location. Fuel sold at MRS Holdings stations will be available at ₦860 per litre in Lagos, ₦870 per litre in the South-West, ₦880 per litre in the North, and ₦890 per litre in the South-South and South-East. Meanwhile, at AP (Ardova Petroleum) and Heyden stations, the pricing will be ₦865 per litre in Lagos, ₦875 per litre in the South-West, ₦885 per litre in the North, and ₦895 per litre in the South-South and South-East.

Dangote Petroleum Refinery assured Nigerians of a consistent and sufficient supply of petroleum products to meet domestic demand, with additional reserves for export to strengthen the country’s foreign exchange earnings. The company urged marketers to support the initiative to ensure that Nigerians fully benefit from the price reduction. This move aligns with President Tinubu’s broader economic vision to make Nigeria self-sufficient in refined petroleum products while positioning the country as a leading oil export hub.

Melissa Enoch

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