Dangote Petroleum Refinery and Petrochemicals Company has announced another N15 reduction in the price of its high-quality Premium Motor Spirit (PMS), commonly known as petrol.
The company announced this reduction in petrol prices in a statement released to newsmen on Thursday in Lagos State.
According to the firm, with this new reduction, Nigerians will now purchase the product at the following prices: N875 per liter in Lagos; N885 per liter in the South West; N895 per liter in the North West and North Central; and N905 per liter in the South East, South South, and North East.
These prices will be applicable across all of its partners, including MRS, AP (Ardova), Heyden, Optima Energy, Techno Oil, and Hyde.
The refinery urged other marketers to join its expanding network of partners. By doing so, they would be demonstrating their support for President Bola Tinubu’s “Nigeria First policy,” which advocates for the prioritization of locally produced goods and services.
Since it began operations, Dangote Petroleum Refinery has consistently implemented strategies to reduce costs. These efforts are aimed at delivering tangible savings to Nigerians.
In February 2025, the company implemented two price reductions on petrol, resulting in a total decrease of N125 per liter.
This was followed by an additional reduction of approximately N45 per liter in April.
Furthermore, the prices of other key products, such as diesel and Liquefied Petroleum Gas (LPG), have been significantly lowered. This has improved affordability across the transportation, industrial, and domestic energy sectors.
Dangote Petroleum Refinery recently reassured Nigerians of price stability, even amidst fluctuations in global crude oil prices. This reaffirms its commitment to supporting Nigeria’s economy.
It stated: “By refining petroleum products domestically at the world’s largest single-train refinery, we are proud to make a substantial contribution to Nigeria’s energy security, foreign exchange savings, and overall economic resilience—aligning with President Bola Tinubu’s Renewed Hope Agenda, which focuses on addressing the nation’s economic challenges and improving the well-being of Nigerians.” This highlights the refinery’s significant economic impact.
“We are immensely grateful to His Excellency, President Bola Tinubu, for making this possible through the commendable Naira-for-Crude Initiative, which has enabled us to consistently reduce the price of petroleum products for the benefit of all Nigerians.” This expresses gratitude for the government’s role in facilitating the price reductions.
Dangote Refinery further assured the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand. Additionally, it noted there would be a surplus for export, which will help enhance the country’s foreign exchange earnings.