Dangote Refinery Slashes Petrol Price

Dangote Petroleum Refinery noted that the price reduction marked the second after a cut of N60 earlier in the month.

In a move to provide relief to Nigerians, Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit (PMS), also known as petrol, by N65 per litre. This marks the second price reduction by the refinery this month, bringing the price down to N825 per litre at the gantry (ex-depot).

*Previous Price Reductions*
The refinery had earlier reduced the price of petrol by N60 on February 1, and by N70.50 in December 2024, during the yuletide period. These reductions have positively impacted the overall cost of living, benefiting various sectors of the economy.

*New Prices Across Nigeria*
The new prices for Dangote petrol will be as follows:

– N860 per litre in Lagos
– N870 per litre in the South-West
– N880 per litre in the North
– N890 per litre in the South-South and South-East regions

*Commitment to Providing Relief*
Dangote Petroleum Refinery has reiterated its commitment to providing high-quality products at market-friendly rates. The refinery has sufficient reserves to meet domestic demand and a surplus for export, thereby boosting the country’s foreign exchange earnings.

*Call to Action*
The refinery has called on marketers to support the initiative, ensuring that Nigerians remain the primary beneficiaries of this effort. This collective action will contribute to the broader economic recovery plan led by President Bola Ahmed Tinubu.

*Dangote Refinery’s Capacity*
Dangote Petroleum Refinery has a refining capacity of 650,000 barrels per day, surpassing Nigeria’s average daily requirement of 385,000 barrels. The refinery has exported its products to Europe, America, Asia, and other regions, and recently supplied jet fuel to Saudi Arabia.