By Kolawole Ojebisi
Dangote Petroleum Refinery, on Wednesday, again announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly referred to as petrol, by N65.00.
With this development, the price of petrol will fall from N890 to N825 per litre, effective Thursday, February 27, 2025.
According to Dangote, this adjustment is designed to provide essential relief to Nigerians ahead of the Ramadan season.
With the latest reduction, the management of the refinery stated that Nigerians will be able to purchase Dangote petrol at the following prices in all partner retail outlets:
“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,” a statement read.
This is the second PMS price reduction in February 2025, following a previous N60.00 decrease earlier in the month.
In December 2024, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre.
