Dangote Crashes Petrol Price For The Second Time In One Month (See New Price)

The Dangote Petroleum Refinery has announced a ₦65 reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol.

Naija News learnt that the reduction in the ex-depot price from ₦890 to ₦825 per litre will take effect from 27th February 2025.

Under the new arrangement, buyers in Lagos would purchase fuel at ₦860 per litre at MRS outlets.

This marks the second price reduction of PMS in February 2025, following a previous decrease of ₦60 earlier in the month.

According to Dangote, the price adjustment was designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season while supporting President Bola Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace.

The statement by the refinery reads, “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.

“This strategic price adjustment is 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.

“It is important to note that Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians. This marks the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.”

With the latest reduction, the refinery management stated that Nigerians can purchase Dangote petrol at the following prices in all partner retail outlets.

The statement added, “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.”