Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), otherwise known as petrol, from N890 to N825 per litre, effective from Thursday, February 27, 2025.
The Dangote refinery reduced the ex-depot price of petrol by N65.
With the reduction, petrol is expected to be sold at N860 per litre in Lagos.
The refinery announced this in a statement on Wednesday, February 26.
The Dangote refinery stated that the petrol price reduction was designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season, while also supporting President Bola Tinubu’s economic recovery policy by alleviating the financial burden on the citizens.
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The refinery added that Nigerians will be able to purchase the refinery’s petrol at the stipulated prices at its partners’ retail outlets.
It said: “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.”
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