Dangote Petroleum Refinery & Petrochemicals has acknowledged that it’s going to make a N65/litre refund to entrepreneurs who bought Premium Motor Spirit (PMS) in any other case often known as petrol, at charges larger than the sooner introduced costs so Nigerians will profit from cheaper gasoline.
The transfer follows the refinery’s current discount of its ex-depot worth from N890 per litre to N825 per litre.
This disclosure is contained in an announcement issued by Dangote Refinery the place it acknowledged that the refund can be for any of its key companions – AP (Ardova Plc), Heyden, or MRS – all through Nigeria.
This transfer follows the refinery’s current discount of its gantry worth from N890 per litre to N825 per litre.
The refinery acknowledged that that is a part of its ongoing efforts to make sure that Nigerians are the first beneficiaries of the value discount and in step with President Bola Tinubu’s Renewed Hope Agenda, which goals to stimulate the financial system.
The refinery confirmed it’s going to refund N65 per litre on the over 200,000 metric tonnes of PMS bought by entrepreneurs on the previous gantry worth of N890 per litre, earlier than the brand new fee of N825 per litre.
No Nigerian pays greater than N900/litre
Dangote refinery famous that with the brand new gantry worth of N825 per litre, it expects that no Nigerian pays greater than N900 per litre for PMS, no matter location or petrol station.
The assertion from Dangote refinery reads, “The step, efficient February 27, 2025, ensures that none of our valued enterprise companions will expertise a loss because of the worth change. Extra importantly, it ensures that the brand new, decrease fee takes fast impact nationwide for the advantage of the Nigerian folks.
“It’s each unpatriotic and detrimental to the welfare of Nigerians for any social gathering to buy at a fee of N825 per litre after which promote to shoppers at N945 or extra per litre. This constitutes extreme profiteering, additional burdening Nigerians for private acquire.
“Dangote refinery, in its effort to make sure good high quality and inexpensive gasoline for Nigerians, is working with its companions to make this worth accessible. Shoppers who buy gasoline above the marketed fee at any of its key companions – Ardova Plc (AP), Heyden, or MRS – wherever in Nigeria are inspired to report back to Dangote refinery with their receipts for a full refund of the surplus quantity.
“The accredited charges per litre are as follows: MRS: N860 in Lagos, N870 within the South-West, N880 within the North, and N890 within the South-South and South-East; Heyden and AP: N865 in Lagos, N875 within the South-West, N885 within the North, and N895 within the South-South and South-East.
“With the brand new gantry worth set at N825 per litre, Dangote Refinery expects that no Nigerian pays greater than N900 per litre for PMS, no matter location or petrol station. The refinery additionally underlined its dedication to offering high-quality, eco-friendly gasoline that advantages automobile efficiency and helps public well being.
“Our dedication aligns with the aims of President Bola Tinubu’s Renewed Hope Agenda, which champions self-sufficiency in important sectors like power. We stay devoted to supporting Nigeria’s financial progress and making certain each Nigerian has entry to inexpensive, high-quality power options.
“On this journey towards power safety, we stand united with the Nigerian folks, all the time striving to offer lasting options and a extra affluent future for all.”
What you need to know
Dangote Refinery had a couple of days in the past introduced a discount within the ex-depot worth of petrol, from N890 to N825 per litre, efficient February 27, 2025.
- That is the second worth reduce in February because the refinery introduced a gantry worth discount of N60 on February 1.
- Dangote refinery described the newest N65 worth reduce as a strategic transfer aimed toward offering financial reduction to Nigerians forward of the Ramadan season.
- In response to the refinery, the value adjustment is anticipated to decrease transportation prices and ease the monetary burden on households and companies.
It additionally famous that the value discount is an indication of assist for President Bola Tinubu’s financial reforms.
Additionally, the assertion famous that pump costs will fluctuate in its associate shops throughout the nation.
- In Lagos, MRS Holdings stations will promote the product at N860 per litre whereas AP (Ardova Petroleum) and Heyden stations will retail it at N865
- Within the South-West, MRS will promote at N870, whereas AP (Ardova Petroleum) and Heyden stations will promote at N875
- within the North, it’s going to promote at N880 in MRS stations, and N885 at AP (Ardova Petroleum) and Heyden stations
- At MRS stations, it’s going to promote at N890 within the South-South and South-East, whereas AP (Ardova Petroleum) and Heyden stations will promote at N895 in the identical areas.
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