Lagos, Nigeria - Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS) from N865 to N835 per litre, marking the second price reduction in less than a week. This adjustment follows the refinery's production of approximately 3.5 billion litres of PMS between September 2024 and April 2025, which meets 55% of Nigeria’s daily need of 50 million litres.
The price cut aims to provide affordable, high-quality refined products to Nigerians and ensure uniform implementation across the country through its partners. Consequently, pump prices at Dangote partner retail stations have decreased nationwide. In Lagos, stations like MRS, Ardova, Heyden, Optima Energy, Hyde, and Tecno Oil now dispense petrol at N890 per litre, down from N920. Prices in other South West states are N900, North West and North Central at N910, and South East, South South, and North East at N920 per litre.
According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria has seen a significant drop in PMS imports, decreasing from 44.6 million litres daily in August 2024 to 14.7 million litres as of April 13. This 30-million-litre reduction is attributed to increased contributions from local refineries, with local petrol production surging by 670% during the same period.
The NMDPRA CEO, Farouk Ahmed, noted that local plants produced 26.2 million litres per day in early April, a significant increase from 3.4 million litres in September 2024, thanks to the Port Harcourt Refining Company's restart in November 2024 and contributions from modular refineries.
Ahmed also urged local council authorities, IOCs, and indigenous companies to protect and maintain oil assets, while NMDPRA reaffirmed its commitment to transparency and accountability in the midstream and downstream sectors.
