Dangote Petroleum Refinery and Petrochemicals has announced its second petrol price reduction this month, slashing prices by ₦65.
This brings the ex-depot price down to ₦825 per litre, a significant decrease from the previous ₦890 per litre.
Read also: Yusuf Datti Sworn In as Dawakin Kudu Lawmaker, Pledges Effective Representation
Dangote Refinery Exports Two Cargoes Of Jet Fuel To Saudi
When combined with the earlier ₦60 reduction in February, the total price cut amounts to ₦125 in just 26 days.
According to the company, this new pricing means Lagos residents can expect to pay between ₦860 and ₦865 per litre at the pump starting Thursday, February 27.
Read also: INEC Seeks Traditional Rulers’ Support for 2027 Elections
Dangote Refinery Slashes Ex-Depot Petrol Price to N890
Dangote’s move is seen as a relief measure, particularly with Ramadan approaching, and a step towards supporting President Bola Ahmed Tinubu’s economic recovery policies.
This price reduction is part of Dangote’s consistent efforts to reduce fuel costs, following a ₦70.50 price slash in December 2024 to ease the cost of living during the holiday season .
The refinery has assured the public of ample fuel supply, boasting over 500 million litres in storage and a 650,000 barrels-per-day refining capacity.
Read also: Kebbi Government Hails Army’s New Security Deployments
IPMAN, Dangote Refinery Seal Deal to Ensure Steady Fuel Supply
Dangote’s fuel will be available nationwide at MRS Holdings, AP, and Heyden stations at competitive rates.