Dangote Petroleum Refinery has announced a N65 reduction in the ex-depot price of petrol, lowering it from N890 to N825 per litre, effective February 27, 2025.
The price cut is aimed at easing financial pressure on Nigerians ahead of Ramadan and aligns with President Bola Ahmed Tinubu’s economic recovery plan. This marks the second petrol price reduction in February, following an earlier N60 decrease, and continues Dangote’s trend of lowering fuel prices, including a N70.50 cut in December 2024 during the yuletide season.
At retail outlets, petrol prices will vary. At MRS Holdings stations, it 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, it will be available at N865 per litre in Lagos, N875 in the South-West, N885 in the North, and N895 in the South-South and South-East.
Dangote Refinery assured Nigerians of a steady supply of petrol, with enough reserves for local demand and exports. The company urged marketers to support the initiative, reinforcing Nigeria’s goal of becoming self-sufficient in petroleum refining.
