In a move expected to bring relief to consumers, Dangote Petroleum Refinery has announced a fresh cut in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, across its retail and partner outlets nationwide.
The revised pricing, effective immediately, reduces petrol prices by ₦15 per litre. Depending on the region, the new price now ranges from ₦875 to ₦905 per litre. The announcement was made via the refinery’s official social media platform on Thursday.
Under the updated pricing structure, petrol will now sell for ₦875 in Lagos, ₦885 in the South-West, ₦895 in the North-West and North-Central, and ₦905 in both the North-East and South-South/South-East regions.
The adjustment affects several fuel distribution partners of the refinery, including major marketers such as MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.
The company attributed the reduction to the reintroduction of a customer refund policy and operational cost savings made possible by its naira-for-crude supply model. This deal, which allows for payment in local currency, has reportedly enabled Dangote Refinery to maintain competitive pricing despite global oil market volatility.
In a statement signed by the Group Chief Branding and Communications Officer, Mr. Anthony Chiejina, the company reaffirmed its goal of providing price stability in Nigeria’s fuel market. He noted that the refinery is committed to supporting the country’s economy and easing the financial pressure on end-users.
“Our refined petrol and diesel products are designed for better engine performance and environmental friendliness,” the statement read. The company also urged Nigerians to purchase fuel only from its verified partner stations and report any price discrepancies via its official helplines.
The price cut comes amid renewed petrol importation by independent marketers, with over 496 million litres of fuel reportedly delivered to Nigerian ports between May 11 and May 20, 2025. Data sourced from the Tanker Position Report compiled by Blue Sea Maritime shows that more than 370,000 metric tonnes were discharged at key depots during this period.
Despite increased import activity, Dangote Refinery continues to anchor domestic fuel supply through its 650,000-barrel-per-day facility based in Lekki, Lagos. The company has reiterated its commitment to stable pricing as it expands its supply reach nationwide.
