The Dangote Petroleum Refinery has announced another N15 reduction in the pump price of Premium Motor Spirit (PMS), marking yet another effort to ease the burden of fuel costs on Nigerians.
Following this latest slash, PMS will now sell at N875 per litre in Lagos, N885 in the South West, N895 in the North West and North Central, and N905 in the South East, South South, and North East.
The revised prices are effective immediately and will be implemented through all of Dangote Refinery’s distribution partners, including MRS, AP (Ardova), Heyden, Optima Energy, Techno Oil, and Hyde.
In a statement on Wednesday, the company called on other marketers to align with its pricing strategy and join its network of distributors, urging them to support President Bola Tinubu’s Nigeria First policy, which promotes the use of locally-produced goods and services.
Since commencing operations, the Dangote Refinery has taken deliberate steps to lower fuel costs across the country.
The company revealed that it reduced petrol prices twice in February 2025, slashing a cumulative N125 per litre, followed by an additional N45 reduction in April.
Prices of other critical fuels, including diesel and Liquefied Petroleum Gas (LPG), have also been cut, easing pressure on transportation, industrial operations, and domestic energy consumption.
Dangote Petroleum Refinery reaffirmed its commitment to price stability, regardless of fluctuations in global crude oil markets, and underscored its role in strengthening Nigeria’s economic resilience.
“By refining petroleum products domestically at the world’s largest single-train refinery, we are proud to make a substantial contribution to Nigeria’s energy security, foreign exchange savings, and overall economic resilience—aligning with President Bola Tinubu’s Renewed Hope Agenda,” the statement read.
The company also expressed gratitude to President Tinubu for enabling its efforts through the Naira-for-Crude Initiative, which has helped sustain downward pricing trends.
In addition to assuring uninterrupted supply to meet domestic demand, the refinery said it maintains reserves for export, supporting efforts to boost Nigeria’s foreign exchange earnings.
Meanwhile, the refinery’s founder, Aliko Dangote, received global recognition on Tuesday as he was named among TIME Magazine’s 2025 TIME100 Philanthropy list.
The list celebrates the 100 most influential figures in global philanthropy, and acknowledges Dangote’s Foundation, which spends an estimated $35 million annually on health, education, and economic empowerment programmes across Africa.
He joins global icons such as Michael Bloomberg, Oprah Winfrey, Warren Buffett, and Melinda Gates in the “Titans” category.
The Dangote Refinery, situated in Lagos, is the largest single-train refinery in the world and a cornerstone of Nigeria’s push towards energy independence.
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