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Nigeria: Dangote Reduces Petrol Price Again

  • On May 22, 2025, Dangote Petroleum Refinery announced a reduction in the retail price of Premium Motor Spirit to a range of N875 to N905 per litre nationwide, implemented through its network of retail partners.
  • The price cut follows earlier ex-depot reductions and reflects regional transport costs amid inflation and high fuel import volumes in mid-May 2025.
  • The refinery’s partners include MRS, Ardova, Heyden, Optima, TechnOil, and Hyde, which will adjust their retail prices accordingly at filling stations nationwide.
  • Dangote Refinery expressed its dedication to collaborating with partners to lower petrol prices for Nigerians and is providing rebates to marketers as competitors also reduce their prices.
  • This price reduction intensifies competition with importers who brought over 300 million litres recently and signals Dangote’s strategy to expand market share in Nigeria’s fuel sector.
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Legit.ng - Nigeria news. broke the news in Ikeja, Nigeria on Wednesday, May 21, 2025.
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