Dangote Petroleum Refinery has announced a ₦65 reduction in the ex-depot price of Premium Motor Spirit (PMS), also known as petrol. Effective Thursday, February 27, 2025, the price will drop from ₦890 to ₦825 per litre.
The refinery’s management stated that the price cut is aimed at easing financial pressure on Nigerians, particularly in preparation for the Ramadan season.
With this adjustment, petrol prices at MRS Holdings stations will be:
₦860 per litre in Lagos
₦870 per litre in the South-West
₦880 per litre in the North
₦890 per litre in the South-South and South-East
This is the second price reduction in February 2025, following a ₦60 decrease earlier in the month. In December 2024, the refinery had also lowered the price by ₦70.50, bringing it down from ₦970 to ₦899.50 per litre.
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