Premium Motor Spirit (PMS), also referred to as gasoline, will now cost ₦65 less thanks to a price cut announced by the Dangote Petroleum Refinery.
It was discovered that the ex-depot price will drop from ₦890 to ₦825 per liter on February 27, 2025.
This is the second time that PMS has lowered its price in February 2025; the first was ₦60 earlier that month.
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By easing the financial strain on the Nigerian people, Dangote claims the price change was intended to promote President Bola Tinubu’s economic recovery agenda and give much-needed respite to Nigerians in advance of the approaching Ramadan season.
More will follow.
