Tunde Omoniyi
The Dangote Petroleum Refinery has announced a fresh cut in the pump prices of Premium Motor Spirit (petrol) nationwide.
The new rates now range from ₦875 to ₦905 per litre, depending on location.
A breakdown of the revised prices shows, Lagos:₦875, South-West ₦885, North-East: ₦905, North-West & Central: ₦895, and South-South & South-East: ₦905
Prices indicate a ₦15 reduction per litre across all regions and partner retail outlets, applying to all major fuel marketers in partnership with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.
Before the new price template, Lagos residents paid ₦890 per litre, while prices rose to ₦920 in the North East and South-South regions.
Lagos residents will now pay ₦875, while those in the North East and South South will pay ₦905 per litre with the new adjustments.
“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice.
The development comes after the 650,000 Lekki-based refinery on Monday said the naira-for-crude deal allowed it to reduce the price of petrol at the pumps.
In a release signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, the company said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.
The company affirmed that the prices of petrol will remain affordable and stable.
