Dangote refinery slashes petrol price again

The Dangote Petroleum Refinery has again reduced the pump price of Premium Motor Spirit, PMS, popularly known as petrol.

The fresh price cut was announced Thursday via the company’s official social media platforms, attracting nationwide attention and commendation.

According to the statement, Nigerians will now buy petrol at rates between N875 and N905, depending on their location.

This marks a N15 reduction per litre from the previous price regime across all regions and marketing partners nationwide.

In Lagos, consumers will now pay N875 per litre, down from the earlier rate of N890 per litre.

In the North-East and South-South regions, the price now stands at N905, down from the previous N920 per litre.

For the South-West zone, the new price is N885 per litre, while the North-West and North-Central will pay N895.

A breakdown shows: Lagos – N875, South-West – N885, North-East – N905, North-Central – N895, South-East – N905.

The company revealed that all major marketers have adopted the new pricing framework without delay.

These marketers include MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy, among others.

Dangote urged Nigerians to buy fuel only from accredited partner outlets nationwide to enjoy the new rates.

It warned against buying from unauthorized dealers who may exploit consumers with inflated prices.

The company also urged Nigerians to report any non-compliant outlets via its official hotlines.

The hotlines are: +234 707 470 2099 and +234 707 470 2100, available to all customers nationwide.

“Our quality petrol and diesel are engine-friendly and meet global environmental standards,” the statement added.

The development comes shortly after the company resumed its consumer refund policy earlier this week.

Industry insiders say this policy gives dealers room for price reduction and competitive margin sustainability.

The price cut coincided with reports of large-scale petrol importation by independent oil marketers across Nigeria.

Fresh data revealed over 496 million litres of petrol were imported into Nigeria in just nine days.

This was obtained from the Tanker Position Report, sourced from Blue Sea Maritime by our correspondent.

It showed that over 370,000 metric tonnes of petrol were discharged across Nigerian ports.

The petrol was offloaded between May 11 and May 20, 2025, across various coastal depots nationwide.

Meanwhile, Dangote said the naira-for-crude deal enabled this downward review of petrol pump price.

The 650,000 barrels-per-day refinery located in Lekki confirmed the arrangement helped lower operational costs.

It noted that this arrangement directly influenced lower fuel costs for Nigerian consumers.

Despite global oil price volatility, Dangote said it remains committed to sustaining affordable fuel prices.

“We are committed to price stability and support for the Nigerian economy,” the company assured.

It stressed that the new pricing reflects its effort to ease hardship and stabilize domestic fuel supply.

Group Chief Branding and Communications Officer, Anthony Chiejina, signed the release on behalf of Dangote.

He reaffirmed the company’s mission to make quality petrol accessible and affordable to all Nigerians.

Nigerians across regions have applauded the move, calling it timely and responsive to current economic realities.

Some motorists in Lagos said the reduction would ease transport costs and business operations across the city.

Traders and commuters in the South-East and South-South also expressed optimism about the impact on inflation.

With this development, Dangote Refinery strengthens its position as a key player in Nigeria’s downstream sector.

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