In a major move set to bring relief to millions of Nigerians, Dangote Petroleum Refinery has announced a significant reduction in the gantry price of Premium Motor Spirit (PMS), also known as petrol. Effective from Wednesday, April 16, 2025, the new price will drop from ₦865 to ₦835 per litre — marking the second price cut in just one week.
The price cuts are being implemented nationwide through Dangote’s key partners, with regional variations in pump prices. According to the official statement issued by the Group’s Chief Branding and Communications Officer, Anthony Chiejina, these are the new rates:
Lagos: Petrol will now be sold at ₦890 per litre, down from ₦920, through partners such as MRS, AP (Ardova), Heyden, Optima Energy, Hyde, and Tecno Oil.
South-West: The price is reduced to ₦900 per litre from ₦930.
North-West and North-Central: Petrol will be available at ₦910 per litre, down from ₦940.
South-East, South-South, and North-East: The price is now ₦920 per litre, previously ₦950.
“These price reductions reaffirm our commitment to providing high-quality petrol at affordable rates, benefiting consumers across the nation,” the statement read. “In addition, we are working collaboratively with our partners to ensure equitable reflection of this price reduction.”
The announcement is part of Dangote’s broader strategy to stabilize the market and provide economic relief, particularly during the Easter season. The company highlighted earlier reductions in refined products, noting a ₦125 drop in refinery prices in February and significant reductions in diesel and liquefied petroleum gas (LPG) costs.
“We anticipate that this latest reduction in PMS prices will generate a positive ripple effect throughout various sectors of the economy, providing much-needed relief to consumers and contributing to broader economic growth,” said Chiejina.
Dangote Petroleum Refinery reaffirmed its commitment to maintaining a steady supply of petroleum products, with adequate reserves to meet both domestic demand and export needs. This dual strategy not only ensures local availability but also supports Nigeria’s foreign exchange reserves.
In a call to action, Dangote urged marketers and distributors to continue sourcing from the refinery to ensure full nationwide benefit from the price cuts. “We are steadfast in our mission to support the stability of the domestic market while contributing to national economic goals,” the company emphasized.
This latest development positions Dangote Petroleum Refinery at the forefront of efforts to make energy more affordable and accessible in Nigeria.
