Dangote Slashes Petrol Loading Price To N825 Per Litre

ABUJA – Dangote Petroleum Refin­ery & Petrochemicals has slashed the price of Premi­um Motor Spirit (PMS), also known as petrol, for the sec­ond time this month.

It has cut N65 off the pre­vious price of N890, bring­ing it down to N825 per litre at the gantry (ex-depot). This follows a N60 reduction on February 1.

The ex-depot price has thus decreased from N950 per litre in January to the current price of N825 per litre, representing a reduc­tion of N125 per litre within 26 days.

This recent price reduc­tion will also ensure that Nigerians pay between N860 and N865 per litre for petrol at the pump in Lagos.

In a statement from the first privately owned pe­troleum refinery in Africa, it was announced that the price adjustment will take effect from Thursday, Feb­ruary 27, and is intended to provide essential relief to Nigerians.

“This strategic price ad­justment is designed to pro­vide essential relief to Nige­rians in celebration of the Ramadan season, while also supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviat­ing the financial burden on the Nigerian populace.

“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 reduction of PMS prices in February 2025, following a previous decrease of N60 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,” the statement reads.

The refinery highlighted that previous reductions have positively impacted the overall cost of living, bene­fiting various sectors of the economy.

They also helped ensure that Nigerians did not expe­rience the typical fuel scarci­ty and price hikes associated with the yuletide season.

Dangote reiterated that its high-quality products, which have become a favourite in both domestic and interna­tional markets, will remain available nationwide, par­ticularly through its key partners—MRS Holdings, AP (Ardova Petroleum), and Heyden—at market-friendly rates.

“Nigerians will be able to purchase high-quality Dan­gote petrol at the following prices across our partners’ retail outlets: For MRS Hold­ings stations, it will be sold 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 regions, 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,” it added.

Dangote Petroleum Re­finery assured the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand and a surplus for export, thereby boosting the country’s for­eign exchange earnings.

The refinery called on marketers to support this initiative, ensuring that Ni­gerians remain the primary beneficiaries of this effort.

“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 positioning the country as a leading oil export hub,” it concluded.

Dangote Petroleum Refin­ery, which has exported its products to Europe, Ameri­ca, Asia, and other regions, recently supplied jet fuel to Saudi Arabia. The refinery has confirmed it holds over 500 million litres of petrol in storage, enough to meet Nigeria’s petrol demand for several days. Additionally, the refining capacity of the 650,000 barrel per day refin­ery has surpassed Nigeria’s average daily requirement of 385,000 barrels.