In a strategic move to alleviate the financial burden on Nigerians, Dangote Petroleum Refinery has announced a significant reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol. Effective from February 27, 2025, the ex-depot price has been slashed by ₦65, bringing it down from ₦890 to ₦825 per litre.
This price adjustment is the second in February, following an earlier ₦60 per litre reduction at the beginning of the month. The refinery stated that this move aims to provide economic relief to Nigerians ahead of the Ramadan season and supports President Bola Ahmed Tinubu’s economic recovery initiatives.
Where to Purchase Dangote Refinery Fuel at Reduced Prices
Dangote Petroleum Refinery has partnered with several major fuel distributors to ensure that the reduced petrol prices are accessible to consumers nationwide. Below is a comprehensive list of stations selling Dangote refinery fuel at the adjusted rates:
1. MRS Holdings Stations
MRS Holdings is a prominent energy company in Nigeria, operating an extensive network of fuel stations across the country. At MRS stations, Dangote petrol is available at the following prices:
- Lagos: ₦860 per litre
- South-West: ₦870 per litre
- North: ₦880 per litre
- South-South and South-East: ₦890 per litre
2. Ardova Petroleum (AP) Stations
Ardova Plc, formerly known as Forte Oil Plc, is a leading indigenous player in Nigeria’s downstream oil and gas sector, with a network of over 450 fuel stations. Dangote petrol is available at AP stations at the following rates:
- Lagos: ₦865 per litre
- South-West: ₦875 per litre
- North: ₦885 per litre
- South-South and South-East: ₦895 per litre
3. Heyden Petroleum Stations
Heyden Petroleum is a growing force in Nigeria’s downstream oil and gas sector, with over 50 operational retail outlets nationwide. As a distributor of Dangote petrol, Heyden stations offer fuel at the following prices:
- Lagos: ₦865 per litre
- South-West: ₦875 per litre
- North: ₦885 per litre
- South-South and South-East: ₦895 per litre
Implications for Consumers
The reduction in petrol prices is expected to have a positive ripple effect on the Nigerian economy. Lower fuel costs can lead to reduced transportation expenses, which may subsequently decrease the prices of goods and services. This move is particularly timely as it provides financial relief to Nigerians in anticipation of the Ramadan season.
Dangote Petroleum Refinery’s initiative to reduce petrol prices underscores its commitment to supporting the Nigerian populace and the nation’s economic recovery efforts. By partnering with major fuel distributors like MRS Holdings, Ardova Petroleum, and Heyden Petroleum, Dangote ensures that these benefits reach consumers nationwide. Nigerians are encouraged to patronize these stations to take advantage of the reduced fuel prices.
For the most accurate and up-to-date information, consumers should verify current petrol prices at their local stations, as prices may vary based on location and other factors.
Credit: Punch and Nairametrics
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