By Mariyah Adamu, Abuja
Ahead of the upcoming Muslim holy month of Ramadan, Dangote Petroleum Refinery has announced a reduction in the ex-depot ,gantry, price of Premium Motor Spirit, PMS, otherwise known as petrol, by N65.00, from N890 to N825 per litre, effective from today.
Dangote Refinery in a statement posted on its X, former Twitter, handle said “This strategic price adjustment is designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season.
Besides, supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerians
In this vein, “It is important to note that Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians. This marks the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.
“Additionally, in December 2024, during the yuletide, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to easing the cost of living and providing relief to Nigerians during the holiday season. This reduction has positively impacted the overall cost of living, benefiting various sectors of the economy, and has also ensured that Nigerians did not experience the perennial fuel scarcity and price hikes typically associated with the yuletide season.
“Nigerians will be able to purchase the high-quality Dangote petrol at the following prices in all our partners’ retail outlets. For MRS Holdings stations, it will sell for N860 per litre in Lagos, N870 per litre in the South-West, N880 per litre in the North, and N890 per litre in the South-South and South-East respectively.
The same product will also be available at the following prices in AP (Ardova Petroleum) and Heyden stations: N865 per litre in Lagos, N875 per litre in the South-West, N885 per litre in the North, and N895 per litre in the South-South and South-East”.
Dangote Refinery also assured of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand, as well as surplus for export to enhance the country’s foreign exchange earnings.
It, however, called on marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort.
According to the company this collective action will contribute to the broader economic recovery plan led by President Tinubu
It would be recalled that Independent Petroleum Marketers Association of Nigeria, IPMAN, on Monday reignited fears of a nationwide petrol scarcity with a threat to shut down operations if the Nigerian Midstream Downstream Petroleum Regulatory Authority, NMDPRA, fails to pay an outstanding N100 billion bridging claims.
Gombe Depot Chairman of IPMAN, Alhaji Abdul Ibrahim, made the position of the association known at a press conference in Abuja.
According to Ibrahim, “One year after our last demand requesting the payment of more than N100 billion owed to our members in bridging claims, the management of the NMDPRA has ignored our demand”.
He also said that members of the Nigerian Association of Road Transport Owners, NARTO, mentioned the same IPMAN bridging claims as part of their demands before the strike action would be called off.
He said that NMDPRA promised to offset the bridging claims within 40 days.
“40 days have today become months with no hope of our payment.
“The nine northern depots comprising of Jos, Gusau,, Suleja, Kaduna, Kano, Gombe, Yola and Maiduguri depots have become completely grounded over this lingering debt”.
