In Nigeria, Dangote Petroleum Refinery & Petrochemicals has declared that it will reimburse consumers who buy Premium Motor Spirit, also known as gasoline, from any of its major partners, Heyden, MRS, or AP (Ardova Plc), at prices greater than those listed.
Following the refinery’s recent drop in gantry prices from N890 per litre to N825 per litre, this action was taken. In keeping with President Bola Tinubu’s Renewed Hope Agenda, which seeks to boost the economy, the refinery said this is part of its continuous efforts to guarantee that Nigerians are the main recipients of the price decrease.
Over the weekend, the refinery said that it will reimburse N65 per litre for the more than 200,000 metric tonnes of PMS that marketers had bought at the previous gantry price of N890 per litre, before the new rate of N825 per litre was implemented. For Nigerians to benefit from cheaper fuel, the Dangote refinery also refunded N65 per litre to merchants, absorbing a N16 billion loss.
With effect from February 27, 2025, the action ensures that none of our esteemed business partners will suffer a loss as a result of the pricing adjustment. Above all, it guarantees that the new, reduced rate is implemented immediately across the country for the benefit of Nigerians, the statement stated.
This project goes beyond Heyden, Ardova Plc (AP), and MRS Holdings, the refinery emphasized. By urging other marketers that get stock from it to share the advantages of the new pricing with customers at the retail level, it promoted a shared dedication to reasonably priced, high-quality goods.
Additionally, any abuse of the new price structure was denounced by Dangote. “Anybody who buys at N825 per liter and then sells to customers at N945 or more per litre is not only unpatriotic, but it is also bad for Nigerians’ welfare. According to the statement, this is excessive profiteering that further burdens Nigerians for private benefit.
In an endeavor to provide high-quality and reasonably priced fuel for Nigerians, Dangote Refinery is collaborating with its partners to make this price available. Customers are urged to bring their receipts to Dangote Refinery in order to receive a complete refund for any excess fuel they purchase from any of its major partners, Heyden, MRS, or AP (Ardova Plc), anywhere in Nigeria.
The following are acceptable rates per liter: 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.
No Nigerian would pay more than N900 per litre for PMS, regardless of location or fuel station, according to Dangote Refinery, which has fixed the new gantry pricing at N825 per litre. Additionally, the refinery reaffirmed its dedication to provide premium, environmentally sustainable fuel that enhances vehicle performance and promotes public health.
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Our dedication is in line with the goals of President Bola Tinubu’s Renewed Hope Agenda, which promotes independence in vital areas like energy. “We are committed to bolstering Nigeria’s economic development and guaranteeing that all Nigerians have access to reasonably priced, superior energy solutions,” the refinery declared.
“This initiative is just one of many ways Dangote Petroleum Refinery & Petrochemicals continues to contribute to a prosperous and sustainable future for our country,” according to Dangote Refinery’s conclusion. We are standing alongside the Nigerian people on this path to energy security, committed to delivering long-term solutions and a more prosperous future for everybody.
