The Dangote Petroleum Refinery has announced a significant reduction in the pump price of Premium Motor Spirit (petrol) across Nigeria, with new rates ranging from N875 to N905 per litre, depending on location.
This price cut, which marks a N15 reduction per litre across all regions and partner retail outlets, aims to alleviate the burden on consumers from fuel price increases.
The refinery’s decision applies to all major fuel marketers in partnership with Dangote, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.
Lagos residents will now pay N875 per litre, down from N890, while those in the North East and South-South regions will pay N905 per litre, down from N920.
New Petrol Prices by Region:
- Lagos: N875
- South-West: N885
- North-East: N905
- North-West & Central: N895
- South-South & South-East: N905
The Dangote Refinery has urged consumers to purchase fuel only from its partner outlets and encouraged Nigerians to report non-compliance via its hotline.
The company affirms that petrol prices will remain affordable and stable, despite fluctuations in global crude oil prices.
This development follows the refinery’s announcement earlier in the week that the naira-for-crude deal allowed it to reduce petrol prices, resulting in lower costs for consumers.
Independent oil marketers have also resumed large-scale importation of petrol, with over 496.17 million litres brought into the country within nine days.
