Dangote Refinery Slashes Petrol Price Ahead of Ramadan

Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by N65 per litre, dropping from N890 to N825. The new price will take effect from Thursday, February 27.

The company stated that the price cut aims to ease the financial strain on Nigerians in anticipation of the upcoming Ramadan season. It also supports President Bola Ahmed Tinubu’s economic recovery efforts by alleviating the cost of living for citizens.

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This marks the second reduction in the price of petrol in February 2025, following a previous decrease of N60 per litre earlier in the month.

In December 2024, during the festive period, Dangote Refinery also lowered the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to reducing the financial burden on Nigerians.