Dangote Petroleum Refinery Reduces Petrol Price Twice In One Week.

Dangote Petroleum Refinery has once again announced a reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835, effective from Wednesday, 16th April 2025. This marks the second price reduction within a week.

The refinery in a press statement said it’s High-quality petrol will now be available at the following prices across all it’s partner retail outlets:

– Key partners, including MRS, AP (Ardova), Heyden, Optima Energy, Hyde and Techno Oil, will offer petrol at N890 per litre, down from N920 in Lagos.

– In the South-West, the price will be N900 per litre, reduced from N930.

– In the North-West and North-Central, the price will be N910 per litre, lowered from N940.

– In the South-East, South-South, and North-East, the price will be N920 per litre, down from N950

These price reductions according to the release Reaffirms the company’s commitment to providing high-quality petrol at affordable rates, benefiting consumers across the nation. In addition, the petroleum refinery company says it is working with partners to ensure equitable reflection of this price reduction.

Dangote Petroleum Refinery also noted that it has consistently worked to reduce the prices of petrol and other refined petroleum products, ensuring the continued benefit of Nigerian consumers. For example according to the company, in February for instance, the refinery reduced prices twice by N125. In addition, products such as diesel and Liquefied Petroleum Gas (LPG) also experienced significant price reductions due to the refinery’s sustained efforts the statement further declared.

The refinery says it anticipates that the latest reduction in PMS prices will generate a positive ripple effect throughout various sectors of the economy, providing much-needed relief to consumers and contributing to broader economic growth, particularly during the Easter season, noting that it remains steadfast in its commitment to ensuring a steady supply of premium-quality petroleum products, with sufficient reserves to meet domestic demand, along with a surplus for export. This strategy it also disclosed is designed to support the stability of the domestic market while also contributing to the growth of Nigeria’s foreign exchange reserves.

Meanwhile, the refinery has called on industry stakeholders, including marketers and distributors, to source their products from the refinery, ensuring that the benefits of these price reductions are fully realised across the country.