Dangote Petroleum Refinery has further reduced the gantry price of Premium Motor Spirit from N865 to N835 per litre, marking the second reduction within a week.
In a statement issued by Anthony Chiejina, Chief Branding and Communications Officer of Dangote Group, the revised pricing will take effect across all partner retail outlets. The new regional pump prices are as follows: In Lagos, key partners including MRS, AP (Ardova), Heyden, Optima Energy, Hyde, and Techno Oil would dispense fuel at N890 per litre down from N920.
In other South-West, the price will be N900 per litre down from N930. In the North-West & North-Central regions, petrol will retail at N910 per litre, reduced from N940 while the South-East, South-South & North-East will see a new price of N920 per litre down from N950. The statement emphasized that,“these price reductions reaffirm our commitment to providing high-quality petrol at affordable rates, benefiting consumers across the nation.”
DURING the Meet-the-Press briefing series hosted by the Presidential Communications Team (PTC) at the State House in Abuja, the Chief Executive Officer (CEO) of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, revealed a significant drop in the country’s daily importation of Premium Motor Spirit (PMS), from 44.6 million litres in August 2024 to 14.7 million litres as of April 13, 2025.
He attributed the sharp 30-million-litre reduction to increased local refining activity. According to Ahmed, domestic petrol production rose by 670 per cent over the same period, driven largely by the phased resumption of operations at the Port Harcourt Refining Company in November 2024 and output from modular refineries across the country.
He stated: “After contributing virtually nothing in August 2024, local plants delivered 26.2 million litres per day early April, a jump from the 3.4 million litres recorded in September 2024, which was the first month with measurable output.”
The CEO also emphasized the shared responsibility of protecting national oil infrastructure, urging local council authorities, international oil companies (IOCs), and indigenous firms to play their part. “Until we all commit to safeguarding these national assets, we should stop pointing fingers,” he added.
Ahmed further reaffirmed the NMDPRA’s dedication to transparency and accountability across the midstream and downstream sectors.
