Dangote Refinery Announces Fresh Petrol Price Reduction Nationwide |LAGOS EYE NEWS

The Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, with new prices ranging between N875 and N905 per litre, depending on the region.

According to an official announcement shared on the refinery’s verified social media platforms on Thursday, the new pricing template represents a N15 per litre reduction across all partner outlets nationwide.

The revised rates apply to all major fuel marketers affiliated with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.

Under the previous pricing regime, Lagos residents paid N890 per litre, while prices peaked at N920 in regions such as the North East and South-South. With the new adjustment, Lagos residents will now pay N875, while consumers in the North East and South-South will pay N905 per litre.

A regional breakdown of the updated pricing is as follows:

• Lagos: N875
• South-West: N885
• North-East: N905
• North-West & Central: N895
• South-South & South-East: N905

The refinery urged Nigerians to patronize only its authorized outlets and report any pricing violations via its dedicated hotlines: +234 707 470 2099 or +234 707 470 2100.

“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated.

Sources revealed to our correspondent that the latest price adjustment follows the reinstatement of a refund benefit policy offered to partner marketers earlier this week.

The development comes shortly after reports emerged that independent oil marketers had resumed large-scale importation of petrol. Fresh data indicates that over 496.17 million litres of petrol were imported into Nigeria within a span of nine days.

According to the Tanker Position Report obtained from Blue Sea Maritime, a total of 370,000 metric tonnes of petrol were discharged at various depots between May 11 and 20, 2025, with tankers docking at multiple seaports across the country.

Meanwhile, the 650,000 barrels-per-day Lekki-based refinery attributed the price cut to the benefits of its naira-for-crude oil deal, which it says has helped in stabilizing and reducing retail prices.

In a statement signed by its Group Chief Branding and Communications Officer, Mr. Anthony Chiejina, Dangote Refinery reiterated its commitment to keeping fuel prices stable and affordable despite global oil market fluctuations.

“Our decision to maintain price stability reflects our unwavering commitment to supporting the Nigerian economy and reducing the burden of rising fuel costs on consumers,” the statement read.