Dangote Refinery announces fresh petrol price cut to N875–N905 per litre

In a welcome development for motorists across Nigeria, the Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol.

According to a statement released via the refinery’s official social media channels on Thursday, the new price now ranges between N875 and N905 per litre, depending on location. The announcement reflects a N15 per litre reduction across the board, applying to both urban and rural retail outlets.

This latest move is seen as part of the refinery’s effort to ease the burden on Nigerians amid fluctuating fuel prices and economic challenges. While the variation in price is attributed to transportation and distribution logistics, the consistent downward adjustment is raising hopes for more stable pricing in the coming months.

In the earlier pricing template, Lagos residents paid N890 per litre, while prices rose to N920 in the North East and South-South regions.

With the new adjustment, Lagos residents will now pay N875, while those in the North East and South South will pay N905 per litre.

A breakdown of the revised prices shows, Lagos: N875, South-West: N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905

The Dangote Refinery urged consumers to purchase fuel only from its partner outlets and encouraged Nigerians to report non-compliance via its hotline: +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 in the notice.

Our correspondent gathered the new reduction follows the return of a refund benefit policy offered to its customers earlier this week.

The development comes hours after The PUNCH reported that independent oil marketers resumed large-scale importation of petrol, as fresh data shows that over 496.17 million litres of petrol were brought into the country within nine days.

Findings using the Tanker Position Report, a document that tracks oil tankers’ movement and was obtained from Blue Sea Maritime by our correspondent on Monday, revealed that 370,000 metric tonnes of petrol were discharged at various depots. These products berthed at seaports between May 11 and 20, 2025.

On Monday, the 650,000 Lekki-based facility said the naira-for-crude deal allowed it to reduce the price of petrol, which translates to reduced costs at the pumps.

This is even as the company affirmed that the prices of petrol will remain affordable and stable.

They said that despite the fluctuations in global crude oil prices, it has consistently reduced the price of petrol.

The company, in a release signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.

(Punch)