Dangote Celebrates Ramadan With Petrol Price Slash
Dangote Petroleum Refinery and Petrochemicals has announced a slash in petrol price, the second in less than a month.
The company in a statement said that the the price reduction was to provide relief to Nigerians in celebration of the Ramadan fast which will begin by the weekend.
In December 2024, during the yuletide, the refinery reduced the price of petrol by N70.50, from N970 to N899.50 per litre.
In the latest cut, the company yanked off N65 from the previous price of N890. The new ex-depot price is now N825 per litre with effect from February 27.
The company had also on February 1, announced a N60 reduction in pump price of petrol from N950 per litre in January. The latest adjustment has reduced the price per litre by N125 in less than a month this year.
“This strategic price adjustment is designed to provide essential relief to Nigerians in celebration of the Ramadan season, while also supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace.
“It is important to note that Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians.
“This marks the second reduction of PMS prices in February 2025, following a previous decrease of N60 earlier in the month. Additionally, in December 2024, during the yuletide period, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to easing the cost of living and providing relief to Nigerians during the holiday season,” the statement added.
The refinery highlighted that previous reductions have positively impacted the overall cost of living, benefiting various sectors of the economy, and also helped to secure Nigerians from fuel scarcity and price hikes associated with the yuletide.
Dangote reiterated that its high-quality products, which have become a favourite in both domestic and international markets, will remain available nationwide, particularly through its key partners—MRS Holdings, AP (Ardova Petroleum), and Heyden—at market-friendly rates.
“Nigerians will be able to purchase high-quality Dangote petrol at the following prices across our partners’ retail outlets: For MRS Holdings stations, it will be sold for N860 per litre in Lagos, N870 per litre in the South-West, N880 per litre in the North, and N890 per litre in the South-South and South-East regions, respectively.
“The same product will also be available at the following prices in AP (Ardova Petroleum) and Heyden stations: N865 per litre in Lagos, N875 per litre in the South-West, N885 per litre in the North, and N895 per litre in the South-South and South-East,” it added.
Dangote Petroleum Refinery assured the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand and a surplus for export, thereby boosting the country’s foreign exchange earnings.
The refinery called on marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.
“This collective action will contribute to the broader economic recovery plan led by His Excellency, President Bola Ahmed Tinubu, who is committed to making Nigeria self-sufficient in refined petroleum products and positioning the country as a leading oil export hub.”
It could be recalled that the President of Dangote Industries Limited (DIL), Aliko Dangote recently revealed that the refinery has enough petrol in its tanks to sufficiently meet the local needs of Nigeria.
Dangote had revealed that the company has over 600 billion Naira worth of products in its tanks.
