For the second time in February, the Dangote refinery lowered the ex-depot price of premium motor spirit (petrol) last week from N890 to N825 per litre.
This N65 per litre decrease follows an earlier reduction of N60 per litre on February 1.
Commenting on the latest price slash, the company said:
The Dangote refinery has been instrumental in tackling fuel scarcity in Africa’s most populous nation since it started production in 2024.
Although customers have praised the price reduction, gasoline importers are worried about possible losses. They reportedly said that the most recent PMS price cut might cost them an average of N2.5 billion every day and N75 billion every month.
Numerous Nigerians are benefiting from the reduced pricing while importers and marketers argue over the price adjustments. Customers have begun taking advantage of the Dangote partner stations because they provide cheaper fuel.
Here are the fuel stations where you can buy Dangote fuel:
One of Nigeria’s largest energy companies, MRS, operates an extensive network of fuel stations across the country. At MRS stations, Dangote fuel sells for N860 per litre in Lagos, N870 in the South-West, N880 in the North, and N890 in the South-South and South-East regions.
Ardova Plc, formerly known as Forte Oil Plc, is one of Nigeria’s leading companies in the downstream oil, gas, and integrated energy sectors. With a network of over 450 filling stations, Dangote petrol will sell at N865 per litre in Lagos, N875 per litre in the South-West, N885 per litre in the North, and N895 per litre in the South-South and South-East regions.
With over 50 active retail locations nationwide, Heyden Petroleum is an emerging player in Nigeria’s downstream oil and gas industry. Heyden stations, which distribute Dangote petrol, charge N865 per litre in Lagos, N875 per litre in the South-West, N885 per litre in the North, and N895 per litre in the South-South and South-East regions.
TimesNow.com.ng earlier reported that there was opposition to the recent PMS price cut by the Dangote Refinery, with importers of the commodity expected to lose billions per month.
According to Punch’s findings, the new ex-depot price of petrol at the Dangote Refinery was over N100 lower than the average landing cost of petrol, as disclosed by industry participants.
The new Dangote price could compel marketers to sell petrol significantly below their costs, resulting in huge financial losses.
Proofreading by James, Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
