In a move aimed at easing the burden of fuel costs on Nigerians, the Dangote Petroleum Refinery has announced a fresh downward review in the pump price of Premium Motor Spirit (PMS), commonly known as petrol.
The new pricing structure, which took effect on Thursday, May 22, 2025, now places the cost of petrol between N875 and N905 per litre, depending on the region.
The latest adjustment represents a N15 reduction per litre across all regions and retail partners, as confirmed through an official statement shared on Dangote Refinery’s social media channels.
The revised pricing template applies to all major fuel marketers collaborating with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.
Under the new rates:
- Lagos residents will now pay N875, down from N890.
- South-West will see prices at N885.
- North-East and South-South regions will now pay N905, reduced from N920.
- North-West and Central zones will pay N895.
- South-East aligns with N905.
The refinery has also issued a call to action for consumers, urging them to patronise only approved partner outlets and to report any price violations or non-compliance through its official hotlines: +234 707 470 2099 and +234 707 470 2100.
“Our petrol and diesel products are refined to meet high-performance standards and are environmentally friendly,” the company said, assuring consumers of consistent quality.
According to information obtained, the latest reduction follows the reinstatement of a refund benefit policy introduced earlier this week for customers.
This price adjustment comes on the heels of reports that independent oil marketers have resumed large-scale importation of petrol.
Data obtained from the Tanker Position Report, a document that monitors the movement of petroleum shipments, showed that over 496.17 million litres of petrol arrived in the country within a span of nine days.
Between May 11 and 20, 2025, about 370,000 metric tonnes of petrol were discharged at various seaports nationwide.
The 650,000-barrel-per-day Dangote Refinery, located in Lekki, attributed the price drop to the successful execution of its naira-for-crude oil exchange deal, which it said has made local refining more cost-effective, translating to cheaper petrol at the pump.
Despite the global volatility in crude oil prices, Dangote Refinery reiterated its commitment to price stability, pledging to cushion the impact of international market fluctuations on Nigerian consumers.
In a statement signed by the Group Chief Branding and Communications Officer, Anthony Chiejina, the company noted: “Our decision to maintain affordable fuel prices underscores our dedication to supporting Nigeria’s economic recovery and reducing the financial strain on citizens caused by high fuel costs.”
