Victor EzejaDangote Refinery has further reduced the ex-depot price of its Premium Motor Spirit (PMS), also known as petrol, to N835 from N865 per litre. This indicates a decrease of N30 in Dangote petrol price.
This was announced in a statement released on Wednesday, signed by Anthony Chiejina, the Group Chief Branding and Communications Officer.
Join our WhatsApp ChannelAccording to the statement, the petrol price reduction takes effect on Wednesday, 16 April 2025. This marks the second price reduction within a week.
“Dangote Petroleum Refinery is pleased to announce 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,” part of the statement read.
The $20 billion refinery said its petrol will be available in its partner retail outlets such as MRS, AP (Ardova), Heyden, Optima Energy, Hyde and Tecno oil.
The partner retail outlets will sell petrol in Lagos at N890 per litre, down from N920.
It further stated that in the South-West, the price will be N900 per litre, reduced from N930, while in the North-West and North-Central, it 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 in all the partner retail outlets.
READ ALSO: Dangote Refinery Slashes Petrol Price To N865 As FG Promises To Continue Naira-for-crude Deal
“These price reductions reaffirm our commitment to providing high-quality petrol at affordable rates, benefiting consumers across the nation. In addition, we are working collaboratively with our partners to ensure equitable reflection of this price reduction,” it stated.
“Dangote Petroleum Refinery has consistently worked to reduce the prices of petrol and other refined petroleum products, ensuring the continued benefit of Nigerian consumers. For example, in February, the refinery reduced prices twice by N125. In addition, products such as diesel and Liquefied Petroleum Gas (LPG) have also experienced significant price reductions due to the refinery’s sustained efforts.
READ ALSO: Why Dangote Refinery Is Right In Suspending Petroleum Products Sales In Naira – Expert
“We anticipate that this 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.”
The Dangote Refinery emphasied that it remains committed to ensuring a steady supply of high-quality petroleum products, with sufficient reserves to meet domestic demand, and a surplus for export. “This strategy is designed to support the stability of the domestic market while also contributing to the growth of Nigeria’s foreign exchange reserves,” it stated.
The company called on industry stakeholders, including marketers and distributors, to continue sourcing their products from the refinery, ensuring that the benefits of these price reductions are fully realised across the country.
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
