… as petrol gantry price drops from ₦890/L to ₦825/L

.. reviews petrol prices: MRS to sell at ₦860/L in Lagos, Ardova, Heyden, Optima at ₦865/L

Oredola Adeola

Dangote Petroleum Refinery & Petrochemicals has announced a ₦65 per litre refund for marketers who purchased over 200,000 metric tonnes of Premium Motor Spirit (petrol) at the previous gantry price of ₦890 per litre before the new rate of ₦825 per litre.

The refund, according to the company, will be processed nationwide through its key distribution partners—AP (Ardova Plc), Heyden, and MRS.

In a statement issued over the weekend, the refinery urged affected customers to present their purchase receipts at any of its partner outlets to claim the refund, reaffirming its commitment to ensuring Nigerians benefit from lower fuel prices.

The company further assured that the refund, effective from February 27, 2025, is aimed at protecting its business partners from any financial losses resulting from the price adjustment.

As a result of this development the company also announced a retail price review, setting new petrol prices across its partner retail outlets.

Its partners MRS is therefore expected to sell at ₦860 per litre in Lagos, ₦870 in the South-West, ₦880 in the North, and ₦890 in the South-South/South-East, while Ardova, Heyden, and Optima outlets will sell at ₦865 in Lagos, ₦875 in the South-West, and between ₦885-₦895 in the North and South-South/South-East.

Dangote refinery management explained that more importantly, it ensures that the new, lower rate takes immediate effect nationwide for the benefit of the Nigerian people,” the statement said.

The refinery emphasised that this initiative extends beyond MRS Holdings, Ardova Plc (AP), and Heyden.

It urged other marketers sourcing stock from it to pass on the benefits of the new pricing to consumers at the retail level, encouraging a collective commitment to affordable, quality products.

Dangote also condemned any exploitation of the new pricing structure.

“It is both unpatriotic and detrimental to the welfare of Nigerians for any party to purchase at a rate of N825 per litre and then sell to consumers at N945 or more per litre.

“This constitutes excessive profiteering, further burdening Nigerians for personal gain,” the statement added.

“Dangote Refinery in its effort to ensure good quality and affordable fuel for Nigerians, is working with its partners to make this price accessible.

The approved rates per litre are as follows: MRS: N860 in Lagos, N870 in the South-West, N880 in the North, and N890 in the South-South and South-East; Heyden and AP: N865 in Lagos, N875 in the South-West, N885 in the North, and N895 in the South-South and South-East.

With the new gantry price set at N825 per litre, Dangote Refinery expects that no Nigerian will pay more than N900 per litre for PMS, regardless of location or petrol station.

The refinery also underlined its commitment to providing high-quality, eco-friendly fuel that benefits vehicle performance and supports public health.

“Our commitment aligns with the objectives of President Bola Tinubu’s Renewed Hope Agenda, which champions self-sufficiency in critical sectors like energy.

“We remain dedicated to supporting Nigeria’s economic growth and ensuring every Nigerian has access to affordable, high-quality energy solutions,” the refinery said.

Dangote Refinery said, “This initiative is one of many ways Dangote Petroleum Refinery & Petrochemicals continues to contribute to a prosperous and sustainable future for our country.