News
Dangote refinery reduces price to N890 a liter
Dangote Petroleum Refinery has effected a reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835, effective from Wednesday, 16th April 2025. This marks the second price reduction within a week. Dangote petrol will now be available at the following prices across all our partner retail outlets: – Key partners, including MRS, AP (Ardova), Heyden, Optima Energy, Hyde and Techno Oil, will offer petrol at N890 per litre, down from N920 in Lagos.
– In the South-West, the price will be N900 per litre, reduced from N930.
– In the North-West and North-Central, the price will be N910 per litre, lowered from N940.- In the South-East, South-South, and North-East, the price will be N920 per litre, down from N950.
These price reductions reaffirm our commitment to providing high-quality petrol at affordable rates, benefiting consumers across the nation. In addition, we are working collaboratively with our partners to ensure equitable reflection of this price reduction. Dangote Petroleum Refinery has consistently worked to reduce the prices of petrol and other refined petroleum products, ensuring the continued benefit of Nigerian consumers. For example, in February, the refinery reduced prices twice by N125. In addition, products such as diesel and Liquefied Petroleum Gas (LPG) have also experienced significant price reductions due to the refinery’s sustained efforts. 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, particularly during the Easter season.
Dangote Petroleum Refinery remains steadfast in its commitment to ensuring a steady supply of premium-quality petroleum products, with sufficient reserves to meet domestic demand, along with a surplus for export. This strategy is designed to support the stability of the domestic market while also contributing to the growth of Nigeria’s foreign exchange reserves. Furthermore, Dangote Petroleum Refinery calls on industry stakeholders, including marketers and distributors, to continue sourcing their products from the refinery, ensuring that the benefits of these price reductions are fully realised across the country.
-
Economy1 day agoStates budgets exceed available funding, risking stalled projects, payment arrears—WBG
-
Economy1 day agoCBN to auction N800bn Treasury Bills as N872bn matures
-
Economy1 day agoNigeria-Korea trade hits $1.1bn, targets growth beyond oil, gas
-
Economy5 hours agoDeveloping Countries’ External Debt surges to record $9.4trn, private creditors returned in force, poorest countries’ borrowing faced highest costs in decades—WBG
-
News5 hours agoFCCPC to enforce healthy oil, salt; to compel producers to ensure full minerals
-
Oil and Gas1 day agoOil falls on Iran war uncertainty, US Democrats’ midterm sweep
-
Finance5 hours agoWeak internal controls, ineffective risk management, inappropriate investments, inadequate board oversight can cause a company to fail—-Commissioner of Insurance
-
News5 hours agoCreative Africa Nexus 2026 opens in Lagos
