Dangote Petroleum Refinery has announced a downward review of the price of Premium Motor Spirit, PMS, commonly referred to as petrol.
The company, in a statement on Wednesday, disclosed that it is reducing the ex-depot (gantry) price by N65.00.
The development means the price will drop from N890 to N825 per litre, effective Thursday, February 27, 2025.
According to Dangote, this reduction is aimed at providing essential relief to Nigerians ahead of the Ramadan season.
With the latest price adjustment, the management of the refinery stated that Nigerians will be able to purchase Dangote petrol at the following prices in all partner retail outlets:
“For MRS Holdings 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,” a statement read.
The company “assures the 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.”
This is the second PMS price reduction in February 2025, following a previous N60.00 decrease earlier in the month.
In December 2024, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre.
