Rita Odafe
The Dangote Petroleum Refinery has unveiled a fresh price cut for Premium Motor Spirit (petrol) across the country, now set between N875 and N905 per litre, varying by location.
This latest pricing update reflects a decrease of N15 per litre uniformly applied nationwide and was shared on the official social media channels of Dangote Refinery on Thursday.
This new pricing applies to all key fuel marketers aligned with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.
Previously, residents in Lagos saw prices at N890 per litre, while those in the North East and South-South regions faced N920 per litre.
Under the revised structure, Lagos residents will now spend N875, while the North East and South-South residents will be charged N905 per litre.
A detailed breakdown of the updated prices is as follows: Lagos: N875, South-West: N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905.
The Dangote Refinery has advised consumers to buy fuel solely from its partner outlets and has encouraged the public to report any violations through its hotline: +234 707 470 2099 or +234 707 470 2100.
“Our premium petrol and diesel are designed for improved engine efficiency and are eco-friendly,” the company highlighted in its announcement.
According to our sources, this price cut coincides with the reinstatement of a refund benefit scheme for customers introduced earlier this week.
This update follows a report by The PUNCH revealing that independent oil marketers have resumed significant petrol imports, with latest figures indicating over 496.17 million litres brought into the nation within a nine-day span.
Insights from the Tanker Position Report, which monitors oil tanker traffic and was sourced from Blue Sea Maritime, disclosed that 370,000 metric tonnes of petrol were delivered to various depots, with these shipments arriving at seaports between May 11 and 20, 2025.
The 650,000 Lekki facility announced on Monday that a naira-for-crude arrangement has facilitated the reduction in petrol prices, thereby lowering pump costs.
The company reiterated that petrol prices will remain accessible and stable.
Despite the volatility in global crude oil rates, the refinery has consistently lowered petrol prices.
In a statement from its Group Chief Branding and Communications Officer, Anthony Chiejina, the company underscored its dedication to sustaining price stability as a means of supporting the Nigerian economy and easing the burden of rising fuel costs on consumers.
