The Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the price of Premium Motor Spirit (PMS), lowering it by ₦15 per litre.
The new price in Lagos is now ₦875 per litre.
The company said the revised rates will vary slightly by region: ₦885 per litre in the South West, ₦895 in the North West and North Central, and ₦905 in the South East, South South, and North East.
These prices will be available through all of Dangote’s partner marketers, which include MRS, AP (Ardova), Heyden, Optima Energy, Techno Oil, and Hyde.
As part of the announcement, Dangote urged other fuel marketers to align with its distribution network and show support for the federal government’s economic policies.
“We urge all marketers to support President Bola Tinubu’s Nigeria First policy, which prioritises locally-produced goods and services,” the company stated.
This reduction continues a series of price cuts initiated by the refinery since it commenced operations.
In February 2025, Dangote Petroleum Refinery implemented two separate price reductions totaling ₦125 per litre.
Another ₦45 was slashed in April. The company has also lowered prices for diesel and Liquefied Petroleum Gas (LPG), moves it says have made energy more accessible across various sectors, transportation, industry, and households.
Despite the global uncertainty surrounding crude oil markets, the refinery says it remains committed to maintaining price stability.
“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, which focuses on addressing the nation’s economic challenges and improving the well-being of Nigerians,” the company stated.
Dangote also assured Nigerians of a steady and sufficient supply of petrol.
It said domestic demand would be fully met while excess volumes would be exported to help boost Nigeria’s foreign exchange reserves.
Coinciding with this announcement was international recognition for the refinery’s founder, Aliko Dangote.
He was named to TIME Magazine’s 2025 TIME100 Philanthropy list, which highlights the world’s most influential leaders in charitable work.
Dangote joins global figures such as Michael Bloomberg, Oprah Winfrey, Warren Buffett, and Melinda Gates.
TIME commended his philanthropic contributions, noting that the Dangote Foundation spends an average of $35 million annually on development programmes across Africa.
