Dangote Petroleum Refinery & Petrochemicals has once again slashed the price of its high-quality Premium Motor Spirit (PMS), otherwise called petrol, this time by N15 across all parts of the country.
This latest petrol price slash will see Nigerians purchase the product at N875 per litre in Lagos, N885 per litre in the South-West, N895 per litre in the North-West and North-Central, and N905 per litre in the South-East, South-South, and North-East through all Dangote Refinery partners: MRS, AP (Ardova), Heyden, Optima Energy, Techno Oil, and Hyde.
Dangote Refinery urged other marketers to join its expanding network of partners as a demonstration of their support for President Bola Tinubu’s ‘Nigeria First’ policy, which advocates for the prioritisation of locally-produced goods and services.
Since it began operations, Dangote Refinery has consistently implemented cost-reduction strategies aimed at delivering tangible savings to Nigerians.
The company reduced petrol price twice in February this year totalling N125 per litre, followed by another reduction of approximately N45 per litre in April.
It has also significantly lowered the prices of other key products, from diesel to Liquefied Petroleum Gas (LPG), thereby improving affordability across transportation, industrial, and domestic energy sectors.
Only recently, Dangote Refinery reassured Nigerians of stability in the prices of its petroleum products despite fluctuations in global crude oil prices, reaffirming its commitment to supporting Nigeria’s economy.
“By refining petroleum products domestically at the world’s largest single-train refinery, we are proud to make a substantial contribution to Nigeria’s energy security, foreign exchange savings, and overall economic resilience—aligning with President Bola Tinubu’s Renewed Hope Agenda, which focuses on addressing the nation’s economic challenges and improving the well-being of Nigerians,” the refinery’s management said in a statement.
“We are immensely grateful to His Excellency, President Bola Tinubu, for making this possible through the commendable Naira-for-Crude Initiative, which has enabled us to consistently reduce the price of petroleum products for the benefit of all Nigerians,” it said.
The further assured Nigerians of stable 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.
