The Dangote Petrochemical Refinery has announced a substantial reduction in the ex-depot price of Premium Motor Spirit (PMS) also known as Petrol by a margin of #65 on Wednesday.
By the announcement, the price will drop from #890 to #825 per liter starting from Thursday, 27 February, 2025.
According to the Dangote Refinery, the reduction in price is aimed at providing essential relief for Nigerians ahead of the Ramadan.
The statement read, “Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025.
“This strategic price adjustment is designed to provide essential relief to Nigerians in anticipation of the upcoming 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 price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.”
“For MRS Holdings stations, it will sell 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, respectively,” a statement added.