Dangote Refinery Reduces Petrol Price By ₦30, Refines Over 3.5 Billion Litres In Seven Months.
In a major boost for Nigeria’s petroleum sector, the Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (PMS) from ₦865 to ₦835 per litre. The move marks the second price cut in under a week, reflecting a significant effort to provide Nigerians with more affordable fuel options.
The price reduction coincides with a remarkable milestone for the refinery, which has refined approximately 3.5 billion litres of petrol between September 2024 and April 2025. This accounts for about 55 per cent of Nigeria’s daily consumption of 50 million litres.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) also reported a significant drop in the country’s petrol imports, attributing the shift to increased domestic production. Prior to the commencement of operations at the Dangote Refinery, Nigeria imported nearly all of its PMS requirements.
Retail prices at filling stations partnered with Dangote across the country have already started to reflect the latest adjustment. In Lagos, prices at outlets such as MRS, Ardova (AP), Heyden, Optima Energy, Hyde, and Tecno Oil have dropped to ₦890 per litre, down from ₦920. In other parts of the South West, petrol now retails at ₦900, a decrease from ₦930.
In the North West and North Central regions, prices have been reduced to ₦910 from ₦940, while the South East, South South, and North East zones are now seeing pump prices at ₦920, compared to the previous ₦950.
The Dangote Refinery stated that the reduction is part of its ongoing commitment to supplying high-quality refined products at competitive rates. The company pledged to work closely with partners to ensure the new prices are implemented uniformly nationwide.
The Chief Executive Officer of NMDPRA, Farouk Ahmed, speaking during a ‘Meet-the-Press’ briefing at the State House, Abuja, confirmed that daily petrol imports had plummeted from 44.6 million litres in August 2024 to just 14.7 million litres by mid-April 2025. He attributed the 30 million litre drop to the increased output from local refineries.
Ahmed revealed that local production rose by 670 per cent over the same period, driven by the restart of the Port Harcourt Refining Company in November 2024 and contributions from modular refineries across the country. From producing virtually nothing in August, Nigeria’s local refineries are now supplying over 26 million litres of petrol daily.
He called on local government councils, international oil companies, and indigenous operators to take ownership in protecting vital oil infrastructure, stating, “Until we all commit to safeguarding these national assets, we should stop pointing fingers.”
Ahmed reaffirmed NMDPRA’s commitment to transparency and accountability across Nigeria’s midstream and downstream sectors, expressing optimism about the country’s growing energy independence.