Dangote Refinery Announces Further Cut In Ex-depot Price Of Petrol To N825

Nigerians are to begin to enjoy more relief, as the management of Dangote Petroleum Refinery in Lekki, Lagos announced a further reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦890 to N825 per litre, effective from Thursday ,27th February 2025.

The  company in a statement on Wednesday, announced the slash in the  initial price by ₦65.00

According to the statement, buyers in Lagos wiil purchase fuel at ₦860 per litre at MRS outlets under the new arrangement.

“For MRS Holdings stations, it will sell for ₦860 per litre in Lagos, ₦870 per litre in the South-West, ₦880 per litre in the North, and ₦890 per litre in the South-South and South-East respectively,” the management said.

The same product will also be available at the following prices in AP (Ardova Petroleum) and Heyden stations: ₦865 per litre in Lagos, ₦875 per litre in the South-West, ₦885 per litre in the North, and ₦895 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 urged marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.