Dangote Refinery Slashes Petrol Price to N875 as Naija-for-Crude Deal Kicks In

New pump price regime aims to stabilize fuel market, ease consumer burden

 The Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (PMS), bringing renewed relief to Nigerian motorists grappling with high fuel costs.

Effective immediately, the new pricing structure sees petrol prices drop by N15 per litre, with retail rates now ranging from N875 to N905 per litre, depending on the region. The refinery confirmed the update via its official social media handle on Thursday, signaling its ongoing commitment to price stability.

Under the revised rates:

* Lagos: N875
* South-West: N885
* North-West & North Central: N895
* North-East, South-East, and South-South: N905

The new prices apply across major fuel marketing partners, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.

The refinery attributed the downward review to the recent reactivation of its naira-for-crude swap policy, which allows local pricing flexibility despite global oil market volatility.

"This reduction is a reflection of our commitment to support the Nigerian economy and alleviate pressure on consumers,” said Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group.

Chiejina reaffirmed that Dangote’s fuels remain environmentally friendly and refined for high engine efficiency. He also encouraged Nigerians to buy only from accredited partner outlets and report price violations via the official hotline:
+234 707 470 2099 or +234 707 470 2100.

The price cut follows a resurgence in petrol imports by independent marketers, with over 496 million litres imported between May 11 and 20, according to Tanker Position Reports obtained by The PUNCH.

Despite global oil price fluctuations, Dangote Refinery—which operates a 650,000 barrels-per-day capacity at its Lekki-based facility—has assured Nigerians of consistent and affordable fuel pricing.

The latest move is being viewed as a strategic intervention to stabilize the fuel market, improve supply reliability, and provide relief amid ongoing economic challenges.