Dangote Reduces Petrol Price Nationwide

The Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (petrol) across the country.

The new rates now range from ₦875 to ₦905 per litre, depending on location.

A breakdown of the revised prices shows, Lagos:₦875, South-West ₦885, North-East: ₦905, North-West & Central: ₦895, and South-South & South-East: ₦905

Prices indicate a ₦15 reduction per litre across all regions and partner retail outlets. It applies to all major fuel marketers in partnership with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.

Before the new price template, Lagos residents paid ₦890 per litre, while prices rose to ₦920 in the North East and South-South regions.

With the new adjustment, Lagos residents will now pay ₦875, while those in the North East and South South will pay ₦905 per litre.

“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice.

The development comes after the 650,000 Lekki-based refinery on Monday said the naira-for-crude deal allowed it to reduce the price of petrol at the pumps.

In a release signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, the company 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.

The company affirmed that the prices of petrol will remain affordable and stable.