March 4, 2025
Dangote Petroleum Refinery has stated that it would make a refund of N65/litre to marketers who purchased petrol at N890 a rates higher than the recently announced prices of N825 per litre to enable Nigerians benefit from reduced price.
The move follows the refinery’s recent reduction of its ex-depot price from N890 per litre to N825 per litre.
This decision was contained in a statement issued by Dangote Refinery where it stated that the refund will be for any of its key partners, namely AP (Ardova Plc), Heyden, or MRS
The refinery stated that this was part of its ongoing efforts to ensure that Nigerians are the primary beneficiaries of the price reduction and in line with President Bola Tinubu’s Renewed Hope Agenda, which aims to stimulate the economy and burden on Nigerians.
The refinery said it would refund N65 per litre on the over 200,000 metric tonnes of petrol that marketers purchased at the old gantry price of N890 per litre, before the new reduced rate of N825 per litre.
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Dangote refinery stated that with the new reduced price of N825 per litre, no Nigerian was supposed to pay more than N900 per litre for PMS, regardless of location or petrol station.
The Dangote refinery statement reads, “The step, effective February 27, 2025, guarantees that none of our valued business partners will experience a loss due to the price change. More importantly, it ensures that the new, lower rate takes immediate effect nationwide for the benefit of the Nigerian people.
“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.
“Dangote refinery, in its effort to ensure good quality and affordable fuel for Nigerians, is working with its partners to make this price accessible. Consumers who purchase fuel above the advertised rate at any of its key partners – Ardova Plc (AP), Heyden, or MRS – anywhere in Nigeria are encouraged to report to Dangote refinery with their receipts for a full refund of the excess amount.
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“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.
“In this journey toward energy security, we stand united with the Nigerian people, always striving to provide lasting solutions and a more prosperous future for all.”
