MRS, Ardova, other Dangote Refinery partners reduce cost of petrol nationwide
Dangote Petroleum Refinery has announced a significant reduction in the pump price of premium motor spirit (PMS), popularly known as petrol. The new pricing, which took effect Thursday, lowers the cost per litre from N890 to N875 in Lagos.
According to a statement by the refinery, this price slash is being implemented in collaboration with several key downstream partners, including MRS, AP, Heyden, Optima, TechnOil, and Hyde Energy. These partners will retail petrol at N875 per litre in Lagos and N885 across other parts of the South-West.
The refinery also revealed adjusted prices for other regions: N905 per litre in the South-East, South-South, and North-East, while consumers in the North-West and North-Central zones will pay N895 per litre.
This latest price drop follows an earlier reduction by the refinery on May 12, when the ex-depot price of petrol was slashed to N825 per litre. The following day, the Nigerian National Petroleum Company (NNPC) Limited also responded by cutting prices across its retail outlets in the Federal Capital Territory, Abuja.
The move signals increasing competitiveness in Nigeria’s downstream oil sector, driven by the Dangote refinery’s entry into fuel supply—a development many analysts believe could pave the way for long-term market stability and consumer-focused pricing.
