Dangote Refinery Slashes PMS Price Again by N15, Now N875 per Litre
Latest Reduction Brings Relief to Nigerian Consumers
Dangote Petroleum Refinery & Petrochemicals has announced another significant price reduction of N15 per litre for its Premium Motor Spirit (PMS), marking the latest in a series of cost-cutting measures that benefit Nigerian consumers.
New Regional Pricing Structure
The updated pricing structure now stands at:
- N875 per litre in Lagos
- N885 per litre in South West
- N895 per litre in North West and North Central
- N905 per litre in South East, South South, and North East
These prices will be implemented across all partner outlets, including major marketers like MRS, AP (Ardova), Heyden, Optima Energy, Techno Oil, and Hyde.
Commitment to Nigeria’s Economic Growth
The refinery has called on other marketers to join its expanding network, supporting President Bola Tinubu’s Nigeria First policy that prioritizes locally-produced goods and services. Since commencing operations, Dangote Petroleum Refinery has implemented multiple price reductions:
- Total decrease of N125 per litre in February 2025
- Additional N45 reduction in April
- Significant price cuts on diesel and LPG
Price Stability and Energy Security
The refinery has reassured Nigerians of consistent pricing despite global crude oil fluctuations, emphasizing its role in:
- Enhancing Nigeria’s energy security
- Saving foreign exchange
- Strengthening economic resilience
“We are immensely grateful to President Bola Tinubu for the Naira-for-Crude Initiative that has enabled these price reductions,” stated refinery representatives.
Dangote Recognized in TIME100 Philanthropy List
In related news, refinery founder Aliko Dangote was recently named in the inaugural 2025 TIME100 Philanthropy list, recognizing his foundation’s $35 million annual spending on African development programs.
The refinery maintains sufficient reserves to meet domestic demand while generating surplus for export, contributing to Nigeria’s foreign exchange earnings.
Full credit to the original publisher: KANO FOCUS