Dangote Petroleum Refinery has announced a reduction
in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred
to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th
February 2025.
Under the new arrangement, buyers in Lagos would
purchase fuel at N860 per litre at MRS outlets.
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.
Daily Trust reports that Dangote has severally reduced
the prices of petrol and other refined petroleum products.
This marks the second price reduction of PMS in
February 2025, following a previous decrease of N60.00 earlier in the month.
Additionally, in December 2024, during the yuletide
period, the refinery reduced the price of PMS 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 our 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.
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