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LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump price of Premium Motor Spirit (petrol) across Nigeria, with rates now ranging from N875 to N905 per litre, depending on regional distribution.
The company made the announcement via its official social media platform on Thursday, noting that the new pricing structure reflects a uniform N15 decrease per litre across all affiliated regions and partner retailers.
This adjustment applies to all major fuel distributors aligned with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.
Previously, consumers in Lagos paid N890 per litre, while those in the North-East and South-South regions paid up to N920 per litre. Following this revision, the price in Lagos has been set at N875, and in the North-East and South-South, consumers will now pay N905 per litre.
The updated regional pricing breakdown is as follows:
• Lagos: N875
• South-West: N885
• North-East: N905
• North-West and Central: N895
• South-South and South-East: N905
The Dangote Refinery advised consumers to purchase fuel exclusively from its designated partner outlets and encouraged the public to report any instances of non-compliance via its hotlines: +234 707 470 2099 and +234 707 470 2100.
“Our high-quality petrol and diesel products are refined to enhance engine performance and are eco-friendly,” the company stated.
This latest price reduction coincides with the reintroduction of a customer refund policy, aimed at enhancing consumer value and trust.
The development also aligns with a broader trend in the sector, as independent oil marketers have resumed large-scale petrol imports. According to new data, more than 496.17 million litres of petrol were imported into Nigeria between May 11 and May 20, 2025. Insights from the Tanker Position Report, released by Blue Sea Maritime on Monday, showed that 370,000 metric tonnes of petrol were delivered to various depots during this period.
On Monday, the 650,000-barrel-per-day Lekki-based refinery attributed the price drop to its naira-for-crude exchange deal, which has allowed for reduced production costs and lower pump prices.
The company further emphasized that domestic petrol prices would remain stable and reasonable, even amid global crude oil price fluctuations, as evidence of its ongoing efforts to reduce domestic fuel pricing volatility.
In a statement signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, Dangote Refinery affirmed that the price stabilization policy underscores its commitment to supporting the Nigerian economy and alleviating the financial burden on consumers.
