In a remarkable corporate social responsibility (CSR) initiative, Dangote Refinery has announced a significant reduction in the ex-depot price of Premium Motor Spirit (PMS) by N65 per litre, lowering it from N890 to N825, effective February 27, 2025. This move is aimed at providing economic relief to Nigerians, particularly in anticipation of the Ramadan season.
Recognizing the economic challenges faced by citizens, this initiative aligns with President Bola Ahmed Tinubu’s economic recovery agenda, reinforcing the refinery’s commitment to improving the quality of life through sustainable business practices.
Dangote Refinery’s price reduction extends across its retail partners, ensuring affordability nationwide:
MRS Holdings Stations
Lagos: N860 per litre
South-West: N870 per litre
North: N880 per litre
South-South/South-East: N890 per litre
AP (Ardova Petroleum) & Heyden Stations:
Lagos: N865 per litre
South-West: N875 per litre
North: N885 per litre
South-South/South-East: N895 per litre
This marks the second price reduction in February 2025, following a previous N60 per litre cut earlier in the month. In December 2024, during the festive season, Dangote Refinery also slashed petrol prices by N70.50 per litre, a move that helped ease financial strain during the holidays.
Read also: Dangote Refinery Petrol Price Reduction and Impact in the Energy Sector
This price reduction is more than just an economic decision—it is a strategic CSR effort to enhance social well-being, ensuring that energy remains accessible and affordable for Nigerians. By prioritizing the needs of citizens, Dangote Refinery continues to demonstrate corporate responsibility beyond profits, actively contributing to economic stability.
Additionally, the refinery has assured Nigerians of steady fuel supply, with reserves sufficient to meet local demand and support exports, further strengthening the country’s foreign exchange earnings.
Dangote Refinery is calling on fuel marketers to support this initiative, ensuring that the price reduction translates directly to consumer benefits. This proactive approach reinforces the company’s commitment to national development and corporate sustainability.
Through initiatives like these, Dangote Refinery sets a benchmark for CSR in the energy sector, proving that businesses can be both profitable and people-focused.
