In a move that is expected to bring relief to millions of Nigerians, Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the price of Premium Motor Spirit (PMS).
The refinery has cut the price of PMS by N15, bringing the new price to N875 per litre in Lagos. Prices will vary slightly across different regions, with the South West region selling at N885 per litre.
The North West and North Central regions will sell at N895 per litre, and the South East, South South, and North East regions at N905 per litre.
This price reduction applies to all Dangote’s partners, including MRS, AP (Ardova), Heyden, Optima Energy, Techno Oil, and Hyde.
The refinery has also called on other marketers to join its expanding network of partners, demonstrating its support for President Bola Tinubu’s “Nigeria First” policy, which prioritizes locally produced goods and services.
Since commencing operations, Dangote Petroleum Refinery has consistently implemented cost-reduction strategies aimed at delivering tangible savings to Nigerians.
In February 2025, the company carried out two price reductions on petrol, resulting in a total decrease of N125 per litre. This was followed by a further reduction of approximately N45 per litre in April.
The refinery’s commitment to reducing costs is not limited to PMS. The prices of other key products, such as diesel and Liquefied Petroleum Gas (LPG), have also been significantly lowered, improving affordability across transportation, industrial, and domestic energy sectors.
Dangote Petroleum Refinery has reassured Nigerians of price stability despite fluctuations in global crude oil prices, reaffirming its commitment to supporting Nigeria’s economy.
The refinery’s contribution to Nigeria’s energy security, foreign exchange savings, and overall economic resilience is substantial, aligning with President Bola Tinubu’s Renewed Hope Agenda.
The refinery’s founder, Aliko Dangote, has been recognized for his philanthropic efforts, being recently named on the inaugural 2025 TIME100 Philanthropy list.
The list, published by TIME Magazine, recognizes the 100 most influential leaders shaping the future of philanthropy worldwide.
Dangote’s Foundation spends an average of $35 million annually on programs across Africa, alongside other global figures in charitable work.
Comment here