MRS, AP to reduce petrol price to N890/litre in Lagos, says Dangote refinery

Dangote Petroleum Refinery says its key partners will reduce petrol pump prices to N890 per litre in Lagos, from a previous price of N920 per litre. 

The refinery reduced the ex-gantry price of the product to N835 per litre on Wednesday.

In a statement, Anthony Chiejina, group chief branding and communications officer at Dangote Group, listed the partners as MRS, AP, Heyden, Optima Energy, Hyde, and Techno Oil.

“Dangote Petroleum Refinery is pleased to announce a reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835, effective from Wednesday, 16th April 2025. This marks the second price reduction within a week,” the statement reads.

“High-quality Dangote petrol will now be available at the following prices across all our partner retail outlets:

“Key partners, including MRS, AP (Ardova), Heyden, Optima Energy, Hyde and Techno Oil, will offer petrol at N890 per litre, down from N920 in Lagos.”

In the south-west region, the refinery said the new pump price of the product will be N900 per litre, reduced from N930.

“In the North-West and North-Central, the price will be N910 per litre, lowered from N940 per litre,” the refinery added.

“In the South-East, South-South, and North-East, the price will be N920 per litre, down from N950.”

The company said the price reductions reaffirm the refinery’s commitment to providing high-quality petrol at affordable rates, benefiting consumers across the nation.

“In addition, we are working collaboratively with our partners to ensure equitable reflection of this price reduction,” the refinery said.

“Dangote Petroleum Refinery has consistently worked to reduce the prices of petrol and other refined petroleum products, ensuring the continued benefit of Nigerian consumers.

“For example, in February, the refinery reduced prices twice by N125.  In addition, products such as diesel and Liquefied Petroleum Gas (LPG) have also experienced significant price reductions due to the refinery’s sustained efforts.”

‘PRICE REDUCTION TO GENERATE POSITIVE RIPPLE EFFECT’

The refinery expects the latest slash in petrol prices to result in a positive ripple effect throughout various sectors of the economy.

This, the refinery said, would provide the “much-needed relief to consumers and contribute to broader economic growth, particularly during the Easter season”.

“Dangote Petroleum Refinery remains steadfast in its commitment to ensuring a steady supply of premium-quality petroleum products, with sufficient reserves to meet domestic demand, along with a surplus for export,” the statement reads.

“This strategy is designed to support the stability of the domestic market while also contributing to the growth of Nigeria’s foreign exchange reserves.

The firm called on industry stakeholders, including marketers and distributors, to continue sourcing their products from the refinery, ensuring that the benefits of the price reductions are fully realised across the country.