Oil Marketers May Dump Dangote Fuel As Imported Petrol Cost Less [Details]
By Newsmata
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, from N890 to N825 per litre, a difference of N65.00, with effect from Thursday February 27, 2025.
The price adjustment, according to Dangote, was designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season, while also supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace.
Newsmata.com.ng reports that Dangote has on a number of times brought respite to Nigerians by bringing down the prices of PMS and other refined petroleum products.
This is the second time this February that PMS price would be reduced. The first was earlier in the month with a N60.00 reduction.
Recall also that in December 2024, during the yuletide season, the refinery’s management crashed petrol price 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.
With the latest reduction, the management of the refinery said Nigerians will be able to purchase the Dangote petrol at the following prices in all its partners’ 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.”
“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.”
The company assured 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.
It called on marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.