In a move aimed at providing relief to Nigerians ahead of the Ramadan season, the Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol.
Effective Thursday, February 27, 2025, the price will drop from N890 to N825 per litre.
This strategic price adjustment is designed to support President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace. The refinery stated that this marks the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.
The management of the refinery noted that Nigerians will be able to purchase Dangote petrol at the following prices in all partner retail outlets:
– MRS Holdings stations: 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.
This development comes after the refinery reduced the price of PMS by N70.50 in December 2024, from N970 to N899.50 per litre.
The Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians. This move is expected to provide essential relief to Nigerians ahead of the Ramadan season.