Dangote Petroleum Refinery has reduced the ex-depot price of petrol by N65, bringing it to N825 per litre.
The new price takes effect from February 27, 2025.
This marks the second price drop in February, following an earlier reduction of N60.
The decision is aimed at easing financial pressure on Nigerians and supporting President Bola Ahmed Tinubu’s economic plans, particularly as Ramadan approaches.
The refinery had also lowered PMS prices during the 2024 festive season, reducing it from N970 to N899.50 per litre to provide relief during the yuletide period.
Retail prices at partner stations will now vary by region.
At MRS Holdings stations, petrol will sell for N860 per litre in Lagos, N870 in the South-West, N880 in the North, and N890 in the South-South and South-East.
At AP (Ardova Petroleum) and Heyden stations, the prices will be N865 in Lagos, N875 in the South-West, N885 in the North, and N895 in the South-South and South-East.
Dangote Petroleum Refinery has assured Nigerians of a steady supply of petrol, with sufficient reserves to meet domestic demand and contribute to foreign exchange earnings.
The company urged marketers to ensure the new prices benefit consumers, aligning with the government’s goal of making Nigeria self-sufficient in refined petroleum products.
