The Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦65. Effective February 27, 2025, the price will decrease from ₦890 to ₦825 per litre. This adjustment aims to provide financial relief to Nigerians ahead of the Ramadan season and supports President Bola Ahmed Tinubu's economic recovery policy.

This marks the second petrol price reduction in February 2025, following an earlier ₦60 decrease. In December 2024, during the yuletide season, the refinery also reduced the price by ₦70.50, lowering it from ₦970 to ₦899.50 per litre.

At partner retail outlets, the new pump prices will vary by region. For instance, MRS Holdings stations will offer petrol at ₦860 per litre in Lagos, ₦870 in the South-West, ₦880 in the North, and ₦890 in the South-South and South-East regions.

The refinery assures the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand and a surplus for export, thereby boosting Nigeria's foreign exchange earnings. Marketers are encouraged to support this initiative to ensure that Nigerians benefit from the price reduction.