Dangote Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N890 to N825 per litre, starting from February 27, 2025.
The N65 price cut was revealed in a statement issued by the refinery on Wednesday, February 26. Under the new pricing structure, customers in Lagos will pay N860 per litre at MRS outlets.
“For MRS Holdings stations, the new prices are 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,” the statement explained.
Similarly, the same product will be available at AP (Ardova Petroleum) and Heyden stations at 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 refinery assured the public of a steady supply of petroleum products, with ample reserves to meet domestic demand and even provide a surplus for export, contributing to the country’s foreign exchange earnings.
This price adjustment, according to the refinery, aims to offer relief to Nigerians in preparation for the upcoming Ramadan season and support the economic recovery policy of President Bola Ahmed Tinubu by reducing the financial strain on the population.
