Dangote Refinery Reduces Petrol Price by N65/Litre, See Why
The Dangote Petroleum Refinery has announced a significant reduction in the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, effective February 27, 2025. This move is aimed at providing relief to Nigerians ahead of the Ramadan season and is seen as a positive step towards supporting the country's economic recovery efforts.
The price of petrol will decrease by N65.00, from N890 to N825 per litre. This strategic price adjustment is part of the refinery's efforts to support President Bola Ahmed Tinubu's economic recovery policy. By alleviating the financial burden on Nigerians, the Dangote Refinery is demonstrating its commitment to the country's economic well-being.
This marks the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month. In December 2024, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre. The consistent efforts of the Dangote Refinery to lower prices have been welcomed by Nigerians, who are still reeling from the economic challenges posed by the COVID-19 pandemic.
The latest reduction is expected to bring relief to Nigerians, particularly as the Ramadan season approaches. During this period, Muslims fast from dawn to sunset, and the reduced price of petrol will help alleviate the financial burden on families and individuals. The new prices will also benefit businesses, as lower fuel costs will lead to reduced transportation costs and increased economic activity.
The Dangote Petroleum Refinery's commitment to providing affordable petroleum products is a positive step towards supporting the country's economic recovery efforts. The refinery's management has emphasized that this move is part of their consistent efforts to lower the prices of petrol and other refined petroleum products for the benefit of Nigerians.
The price reduction will be implemented across all partner retail outlets, including MRS Holdings stations. In Lagos, the price of petrol will be N860 per litre, while in the South-West, it will be N870 per litre. In the North, the price will be N880 per litre, and in the South-South and South-East, it will be N890 per litre.
The Dangote Refinery's decision to reduce the price of petrol is a welcome development for Nigerians, who have been struggling with the high cost of living. The reduced price will lead to increased economic activity, as people will be able to afford to travel and engage in economic activities without the burden of high fuel costs.
The refinery's management has emphasized that this move is part of their commitment to supporting the country's economic recovery efforts. By providing affordable petroleum products, the Dangote Refinery is helping to alleviate the financial burden on Nigerians and support the country's economic growth.
The price reduction is also expected to have a positive impact on the country's inflation rate. With lower fuel costs, transportation costs will decrease, leading to reduced prices for goods and services. This, in turn, will help to reduce the country's inflation rate and improve the standard of living for Nigerians.
In conclusion, the Dangote Petroleum Refinery's decision to reduce the price of petrol is a welcome development for Nigerians. The reduced price will lead to increased economic activity, alleviate the financial burden on families and individuals, and support the country's economic recovery efforts. As the Ramadan season approaches, this move is expected to bring relief to Nigerians and support the country's economic growth.
The Dangote Refinery's commitment to providing affordable petroleum products is a positive step towards supporting the country's economic recovery efforts. By continuing to lower prices and provide affordable products, the refinery is demonstrating its commitment to the country's economic well-being.
As the country continues to navigate the challenges posed by the COVID-19 pandemic, the Dangote Refinery's decision to reduce the price of petrol is a welcome development. The reduced price will lead to increased economic activity, alleviate the financial burden on families and individuals, and support the country's economic recovery efforts.
The refinery's management has emphasized that this move is part of their consistent efforts to lower the prices of petrol and other refined petroleum products for the benefit of Nigerians. By providing affordable petroleum products, the Dangote Refinery is helping to alleviate the financial burden on Nigerians and support the country's economic growth.
In the end, the Dangote Petroleum Refinery's decision to reduce the price of petrol is a positive step towards supporting the country's economic recovery efforts. The reduced price will lead to increased economic activity, alleviate the financial burden on families and individuals, and support the country's economic growth. As the country continues to navigate the challenges posed by the COVID-19 pandemic, this move is expected to bring relief to Nigerians and support the country's economic recovery efforts.
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