Dangote Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, from N890 to N825 per litre, effective February 27th, 2025.
The refinery announced the price reduction of N65.00 in a statement made on Wednesday, February 26. According to the announcement, the new arrangement will allow Lagos buyers to purchase fuel at MRS shops for N860 per litre.
“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.”
The company guaranteed the public of a steady supply of petroleum products, with enough reserves to cover local demand and a surplus for export to boost the country’s foreign exchange revenues.
According to the refinery, the price modification was intended to provide needed relief to Nigerians in preparation for the upcoming Ramadan season, as well as to promote President Bola Ahmed Tinubu’s economic recovery agenda by reducing the financial burden on the Nigerian public.
A Gentle Reminder: Every obstacle is a stepping stone, every morning; a chance to go again, and those little steps take you closer to your dream.
Nnamdi Okoli