Relief as Dangote Refinery Slashes Petrol Prices by N15

By: The New Diplomat

Cat:

May 22, 2025

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By Abiola Olawale

Dangote Petroleum Refinery has announced another reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol.

The refinery owned by Africa’s richest man, Alhaji Aliko Dangote announced the slashing of its ex-depot price by N15 per litre.

Effective immediately, the new gantry price is set at N875 to N905 per litre, depending on location, according to the company.

In a notice issued by the refinery, the latest price reduction reflects the company’s commitment to supporting Nigeria’s economic resilience and aligns with President Bola Ahmed Tinubu’s Nigeria First Policy.

The company also announced that the price cut will reflect at retail outlets nationwide, with key partners such as MRS, AP (Ardova), Heyden, and Techno Oil.

With the new adjustment, Lagos residents will now pay N875, while those in the North East and South South will pay N905 per litre.

A breakdown of the revised prices shows, Lagos: N875, South-West: N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905

The Dangote Refinery urged consumers to purchase fuel only from its partner outlets and encouraged Nigerians to report non-compliance via its hotline: +234 707 470 2099 or +234 707 470 2100.

“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice.

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