Dangote Petroleum Refinery & Petrochemicals has announced a refund of ₦65 per litre to petroleum marketers who purchased Premium Motor Spirit (PMS) at the previous ex-depot price of ₦890 per litre, following a recent reduction to ₦825 per litre.
This initiative, effective from February 27, 2025, aims to ensure that Nigerians benefit from the price reduction and aligns with President Bola Tinubu’s Renewed Hope Agenda to stimulate the economy.
The refinery emphasized that with the new gantry price set at ₦825 per litre, no Nigerian should pay more than ₦900 per litre for PMS, regardless of location or petrol station.
Customers who purchase fuel above the advertised rates at any of Dangote’s key partners—Ardova Plc (AP), Heyden, or MRS—are encouraged to report to Dangote Refinery with their receipts for a full refund of the excess amount.
The approved rates per litre are as follows:
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MRS: ₦860 in Lagos, ₦870 in the South-West, ₦880 in the North, and ₦890 in the South-South and South-East.
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Heyden and AP: ₦865 in Lagos, ₦875 in the South-West, ₦885 in the North, and ₦895 in the South-South and South-East.
The refinery condemned any exploitation of the new pricing structure, stating that selling PMS at ₦945 or more per litre constitutes excessive profiteering and further burdens Nigerians for personal gain.
