- Dangote Petroleum Refinery has announced a ₦65 reduction in the ex-depot price of Premium Motor Spirit (PMS).
- The price per litre will drop from ₦890 to ₦825.
- This adjustment will take effect on Thursday, February 27, 2025.
Dangote Petroleum Refinery has announced a ₦65 reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol.
With this adjustment, the price will drop from ₦890 to ₦825 per litre, effective Thursday, February 27, 2025.
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EKO HOT BLOG reports that this is the second price reduction in February 2025, following an earlier ₦60 decrease earlier in the month.
According to the refinery’s management, this price cut aims to provide financial relief to Nigerians ahead of the Ramadan season.
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Following the reduction, petrol will be available at different prices across partner retail outlets. At MRS Holdings stations, the new rates 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
In December 2024, the refinery had also slashed the price of PMS by ₦70.50, lowering it from ₦970 to ₦899.50 per litre.
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