In a major move set to ease the burden on Nigerian consumers, Dangote Petroleum Refinery has announced another reduction in the price of petrol, bringing the ex-depot price down to N825 per litre — a N65 slash from the previous N890 per litre. This latest cut, which takes effect from February 27, 2025, marks the second price reduction within the same month.
Why the Sudden Price Drops?
The refinery explained that this latest adjustment is part of a strategic intervention aimed at providing economic relief for Nigerians, particularly in the spirit of the Ramadan season. This follows an earlier cut on February 1, when prices were reduced from N950 to N890 per litre.
In just 26 days, Dangote Refinery has effectively cut petrol prices by a total of N125 per litre, a move the company says aligns with President Bola Tinubu’s economic recovery plan and supports efforts to lower living costs across the country.
From Yuletide to Ramadan — Dangote’s Price Relief Strategy
This isn’t the first time the Dangote Refinery has stepped in with price reductions to ease economic pressure on Nigerians. During the December 2024 festive season, the refinery reduced petrol prices by N70.50 per litre, a deliberate move to prevent the usual holiday fuel scarcity and skyrocketing prices.
What Nigerians Will Pay at the Pumps
Following this latest reduction, petrol prices at the pump are expected to range between N860 and N865 per litre in Lagos, with slight variations across regions:
Lagos (MRS Holdings stations) — N860 per litre
South-West — N870 per litre
North — N880 per litre
South-South & South-East — N890 per litre
At Ardova Petroleum (AP) and Heyden stations, the prices are slightly different:
Lagos — N865 per litre
South-West — N875 per litre
North — N885 per litre
South-South & South-East — N895 per litre
Beyond Nigeria — Dangote Petrol Hits Global Markets
The refinery also highlighted its growing export footprint, having supplied high-quality petroleum products to Europe, America, Asia, and recently, jet fuel to Saudi Arabia. This global demand for Dangote’s refined products underscores the quality and competitiveness of the refinery’s output.
A Storage Reserve to Ensure Steady Supply
With over 500 million litres of petrol in storage, Dangote Refinery assured Nigerians of consistent supply, enough to cover several days of domestic consumption even if unforeseen disruptions occur. The refinery’s 650,000 barrels per day capacity significantly exceeds Nigeria’s average daily petrol demand of 385,000 barrels, positioning the country not just for domestic sufficiency but also for expanded export opportunities.
Calling on Marketers to Play Fair
Dangote Refinery urged petrol marketers to align with its price reduction policy, ensuring the benefits reach everyday Nigerians. The company warned against artificial price hikes, calling for industry-wide cooperation to support the broader economic recovery agenda led by President Bola Ahmed Tinubu.
From Relief to Legacy
This aggressive price-cutting strategy, combined with Dangote Refinery’s growing role in global energy markets, reinforces its commitment to making Nigeria self-sufficient in refined products. More importantly, it reflects a shift from dependence on fuel imports to becoming a major export hub — a transformation with long-term benefits for Nigeria’s foreign exchange earnings and economic stability.
With Ramadan around the corner, this latest price cut offers a much-needed breather for millions of Nigerians already struggling with rising costs. For consumers, businesses, and transporters alike, cheaper petrol translates into lower operating costs — a ripple effect that could bring down the prices of goods and services across the board.
