By Amofokhai Williams
In a stunning move that is set to bring relief to millions of Nigerians, Dangote Petroleum Refinery has once again slashed the ex-depot price of petrol by N65 per litre, bringing it down from N890 to N825.
This dramatic price adjustment, effective from 27th February 2025, signals yet another bold intervention by Africa’s largest refinery in the battle against skyrocketing fuel costs.
With the holy month of Ramadan fast approaching, this timely reduction aims to ease the financial strain on Nigerians and reinforce President Bola Ahmed Tinubu’s economic recovery plan.
It comes just weeks after the refinery slashed PMS prices by N60, marking the second price drop in February alone.
This latest cut follows a series of fuel price reductions by Dangote Refinery, including a major drop during the December 2024 festive season, when PMS prices were reduced by N70.50 to cushion the usual year-end economic pressure.
Unlike previous years, when fuel shortages and price hikes crippled festive celebrations, Nigerians enjoyed uninterrupted supply, thanks to Dangote’s intervention.
According to Dangote Refinery, with this new development, petrol prices at partner retail stations will vary across regions, selling at N860 per litre in Lagos, N870 in the South-West, N880 in the North, and N890 in the South-South and South-East at MRS Holdings outlets.
Similarly, AP (Ardova Petroleum) and Heyden stations will retail the product at N865 per litre in Lagos, N875 in the South-West, N885 in the North, and N895 in the South-South and South-East.
Beyond easing domestic fuel costs, Dangote Petroleum Refinery is positioning Nigeria as a powerhouse in the global oil market, ensuring consistent supply and even generating surplus for export to boost the nation’s foreign exchange earnings.
As calls mount for fuel marketers to pass down these benefits to end-users, the question remains: will this be the beginning of sustained affordability, or just another fleeting moment of relief?
