BREAKING: Dangote Drops Petrol Prices Nationwide — Nigerians Celebrate Relief At The Pump

The Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (petrol) across Nigeria. The revised prices now range from ₦875 to ₦905 per litre, depending on the region.

This adjustment, representing a ₦15 cut per litre, was disclosed via the refinery’s official social media platforms on Thursday. The new pricing applies to all partner fuel marketers, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.

Previously, Lagos residents paid around ₦890 per litre, while motorists in the North-East and South-South paid up to ₦920 per litre. With the new price structure, Lagos consumers will now pay ₦875, and those in the North-East and South-South will pay ₦905 per litre.

Here’s the regional breakdown:

• Lagos – ₦875

• South-West – ₦885

• North-East – ₦905

• North-West & Central – ₦895

• South-South & South-East – ₦905

The refinery urged customers to purchase petrol only from its accredited outlets and to report any non-compliant vendors via its dedicated hotlines: +234 707 470 2099 or +234 707 470 2100.

“We deliver high-quality, environmentally friendly petrol and diesel, refined to enhance engine performance,” the company stated.

This price cut comes alongside the resumption of a customer refund benefit scheme, reintroduced earlier in the week.

Meanwhile, a recent report revealed that independent oil marketers have resumed large-scale petrol imports. Between May 11 and 20, 2025, over 496.17 million litres were brought into the country. Data from the Tanker Position Report, obtained from Blue Sea Maritime, showed that 370,000 metric tonnes of petrol were offloaded at depots during that period.

On Monday, Dangote Refinery, which boasts a 650,000-barrels-per-day capacity, explained that a naira-for-crude swap deal enabled the price reduction, making petrol more affordable at the pumps.

In a statement signed by Anthony Chiejina, Group Chief Branding and Communications Officer, the refinery reaffirmed its commitment to maintaining stable and affordable petrol prices despite global oil market fluctuations. He emphasized that the price slash reflects the company’s dedication to alleviating economic pressure on Nigerians and supporting national development.