Again, Dangote crashes petrol price in anticipation of Ramadan
For a second time in February 2025, the Dangote Petroleum Refinery on Wednesday crashed the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025.
According to reports, the buyers in Lagos would purchase fuel at N860 per litre at MRS outlets under the new arrangement.
Dangote said the price adjustment was designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season while also supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace.
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It would be recalled that Dangote has severally reduced petrol prices and other refined petroleum products.
However, with the latest reduction, the refinery management said Nigerians will be able to purchase the Dangote petrol at the following prices in all our partners’ 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.”
“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 assured the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand, as well as a surplus for export to enhance the country’s foreign exchange earnings, while calling on marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.
Source: Daily Trust
