Dangote Refinery’s Fuel Price Cut: What It Means for Nigerians and Where to Buy Cheap Petrol
The recent fuel price reduction by Dangote Refinery has sparked widespread discussion among importers and marketers, but for many Nigerians, it’s a welcome relief. As fuel costs drop, consumers are making the most of the opportunity by purchasing cheaper petrol from Dangote’s partner stations.
Dangote Refinery’s Price Adjustment: A Strategic Move
In a significant move to ease economic pressure on Nigerians, Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) for the second time in February. The latest cut brings the price down from N890 to N825 per litre, a N65 per litre reduction following an earlier N60 per litre drop on February 1.
According to the company, this strategic price adjustment is aimed at lessening the financial burden on citizens, particularly in preparation for the Ramadan season, while also aligning with President Bola Ahmed Tinubu’s economic recovery initiatives.
Since commencing production in 2024, Dangote Refinery has played a crucial role in tackling fuel scarcity in Nigeria, the continent’s most populous nation.
Mixed Reactions from the Oil Sector
While consumers welcome the price reduction, petrol importers are raising concerns over potential financial losses. Industry stakeholders estimate that they could face daily losses of N2.5 billion and monthly losses of N75 billion due to the price adjustment. Many argue that this move puts local fuel importers at a disadvantage, as they struggle to compete with Dangote Refinery’s pricing model.
Where to Buy Dangote Petrol at Lower Prices
For Nigerians eager to benefit from the lower fuel prices, Dangote’s partner stations have become the go-to outlets. These major filling stations offer Dangote petrol at more affordable rates compared to independent marketers. Here’s a breakdown of where you can buy:
1. MRS Oil & Gas
MRS is one of Nigeria’s leading energy companies, operating a vast network of fuel stations nationwide. The price of Dangote petrol at MRS stations is as follows:
Lagos: N860 per litre
South-West: N870 per litre
North: N880 per litre
South-South & South-East: N890 per litre
2. Ardova Plc (AP)
Formerly known as Forte Oil, Ardova Plc is a key player in Nigeria’s downstream petroleum sector, boasting over 450 fuel stations across the country. Prices at Ardova Plc stations are:
Lagos: N865 per litre
South-West: N875 per litre
North: N885 per litre
South-South & South-East: N895 per litre
3. Heyden Petroleum
Heyden Petroleum is a fast-growing energy company with more than 50 retail outlets nationwide. As an official distributor of Dangote petrol, Heyden offers fuel at:
Lagos: N865 per litre
South-West: N875 per litre
North: N885 per litre
South-South & South-East: N895 per litre
What This Means for Nigerians
The price cut is a significant relief for motorists and businesses relying on petrol for daily operations. However, as competition intensifies, it remains to be seen how independent marketers and government policies will respond to Dangote Refinery’s growing influence in the fuel market.
For now, Nigerians can take advantage of the price drop by purchasing from Dangote’s partner stations while keeping an eye on future market trends.
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