Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly called petrol, from N865 to N835 per litre. This new price took effect on Wednesday, 16th April 2025. It’s the second petrol price drop in just one week, showing the company’s effort to make fuel more affordable for Nigerians.
With this new price, major fuel stations such as MRS, Ardova (AP), Heyden, Optima Energy, Hyde, and Tecno Oil are adjusting their pump prices. Here’s how prices have changed across the country:
- In Lagos, petrol now sells for N890 per litre, down from N920.
- In the South-West, the new price is N900 per litre, reduced from N930.
- In the North-West and North-Central, fuel is now N910 per litre, previously N940.
- In the South-East, South-South, and North-East, it is now N920, reduced from N950.
These changes are part of a broader plan to make fuel prices more stable and support Nigeria’s energy economy. By lowering petrol prices, the Dangote Refinery aims to ease the burden on consumers, especially during key economic periods like the Easter season.
The Dangote Refinery has also been actively working on lowering the cost of other fuels. Earlier this year in February, it reduced prices by as much as N125 per litre. Additionally, the refinery has cut prices for products like diesel and Liquefied Petroleum Gas (LPG), which are important for both homes and businesses.
This drop in petrol price is expected to have a positive effect across various industries, reducing transportation and production costs. It could also support a decrease in the cost of goods and services in the country.
The refinery assures Nigerians of a stable and sufficient fuel supply, with enough reserves to meet domestic demand and even export to other markets. This will help maintain steady prices and strengthen Nigeria’s foreign exchange reserves.
Dangote Petroleum Refinery also encourages fuel marketers and distributors to source their petrol from the refinery. This will ensure Nigerians across the country benefit from these lower fuel prices and enjoy reliable access to high-quality petrol.