In a significant move aimed at easing the burden on Nigerian consumers, Dangote Petroleum Refinery has announced a nationwide reduction in petrol prices through its key retail partners. The new pricing, which came into effect on Wednesday, April 16, reflects cuts of up to N30 per litre across various regions.
In a statement issued by the Group Chief Branding and Communications Officer, Anthony Chiejina, Dangote Refinery confirmed that Premium Motor Spirit (PMS)—commonly known as petrol—will now be sold at N890 per litre in Lagos, down from the previous price of N920.
Other regional price adjustments include:
- South-West (excluding Lagos): N900 per litre (previously N930)
- North-West and North-Central: N910 per litre (down from N940)
- South-East, South-South, and North-East: N920 per litre (reduced from N950)
The refinery’s decision follows a reduction in its gantry price from N865 to N835, marking the second fuel price slash within one week.
“Our key partners—including MRS, AP (Ardova), Heyden, Optima Energy, Hyde, and Tecno Oil—are fully aligned with this new pricing structure,” Chiejina stated. “These price reductions reaffirm our commitment to delivering high-quality petrol at affordable rates, ensuring consumers across all regions benefit.”
Dangote Refinery emphasized that this latest adjustment is part of its broader strategy to stabilize domestic fuel supply, stimulate economic growth, and offer relief amid economic pressures—particularly during the Easter season.
Earlier in February, the refinery had also made two petrol price reductions totaling N125, and similar cuts were implemented for diesel and Liquefied Petroleum Gas (LPG).
“We anticipate a positive ripple effect across sectors, as lower fuel costs will reduce transport and logistics expenses, potentially impacting the prices of goods and services,” the statement added.
Dangote further assured Nigerians of a steady and sufficient supply of premium-quality petroleum products, with enough reserves to meet local demand and support exports. This, the refinery stated, would contribute not only to market stability but also to the growth of Nigeria’s foreign exchange reserves.
The company urged industry stakeholders, including marketers and distributors, to continue sourcing directly from Dangote Refinery to ensure that the benefits of the price reductions reach end consumers nationwide.
