The Dangote Petroleum Refinery has announced a reduction of N65 in the ex-depot (gantry) price of Premium Motor Spirit (PMS), lowering it from N890 to N825 per litre. The new price takes effect on Thursday, 27th February 2025.
According to a statement from the refinery, the price cut aims to provide relief to Nigerians ahead of the Ramadan season and supports President Bola Ahmed Tinubu’s economic recovery efforts by easing financial pressures.
“This strategic price adjustment is designed to provide essential relief to Nigerians in anticipation of Ramadan while supporting the government’s economic recovery policy,” the statement read.
Second Price Reduction in February 2025
This marks the second reduction in February 2025, following an earlier N60 decrease. In December 2024, Dangote also slashed PMS prices by N70.50, bringing it down from N970 to N899.50 per litre.
Revised Petrol Prices at Partner Retail Outlets
Lagos (MRS Holdings stations): N860 per litre
South-West: N870 per litre
North: N880 per litre
South-South and South-East: N890 per litre
Dangote Petroleum Refinery reaffirmed its commitment to continually lowering fuel prices for the benefit of Nigerians.
