Dangote Petroleum Refinery has announced a fresh round of petrol price cuts across Nigeria, lowering pump prices by ₦15 per litre in a move aimed at easing consumer pressure and reinforcing price stability.
The revised pricing effective immediately will see Premium Motor Spirit (PMS) retail for between ₦875 and ₦905 per litre, depending on the region.
New Regional Price Breakdown:
- Lagos: ₦875
- South-West: ₦885
- North-Central & North-West: ₦895
- North-East / South-East / South-South: ₦905
This marks a consistent ₦15 drop across all regions and partner filling stations, including major retailers such as MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.
Previously, residents of Lagos were paying around ₦890 per litre, while those in the North-East and South-South faced pump prices of up to ₦920.
“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated.
Naira-for-Crude Deal Enables Reduction
The price cut follows an earlier announcement by the refinery attributing the reduction to the naira-for-crude supply agreement, which has helped insulate domestic fuel prices from volatile international benchmarks and foreign exchange pressures.
In a statement signed by Group Chief Branding and Communications Officer, Anthony Chiejina, the company emphasized that the move is part of its broader commitment to economic stability and consumer relief.
“Our decision to maintain affordable and stable fuel prices is a reflection of our dedication to supporting the Nigerian economy and reducing the cost burden on consumers,” the statement read.
The 650,000-barrel-per-day refinery, located in Lekki Free Zone, Lagos, began fuel production earlier this year and has since emerged as a significant player in Nigeria’s downstream petroleum sector.
This latest move by Dangote further strengthens its role as a key driver of domestic energy stability, especially as global oil prices and currency exchange volatility continue to challenge import-based fuel supply chains.
