Dangote Petroleum Refinery & Petrochemicals has announced it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the newly reduced prices from its key partners – Ardova Plc (AP), Heyden, or MRS – across Nigeria.
This move follows the refinery’s recent reduction of its gantry price from N890 per litre to N825 per litre, a change aimed at benefiting Nigerians and supporting the nation’s economic growth in line with President Bola Tinubu’s Renewed Hope Agenda.
The refinery confirmed that it will refund N65 per litre on the over 200,000 metric tonnes of PMS purchased by marketers at the old price of N890 per litre. The initiative, which took effect from February 27, 2025, also sees Dangote Refinery absorbing a loss of N16 billion in the process, ensuring that Nigerians can enjoy cheaper fuel without any financial burden falling on marketers.
“The step guarantees that none of our valued business partners will experience a loss due to the price change,” the refinery stated in a recent press release. “More importantly, it ensures that the new, lower rate takes immediate effect nationwide for the benefit of the Nigerian people.”
The price reduction initiative extends beyond MRS Holdings, Ardova Plc (AP), and Heyden, with Dangote urging other marketers sourcing from the refinery to pass on the benefits of the new pricing to consumers at the retail level. The refinery further emphasized the need for collective efforts to provide affordable and quality products for Nigerians.
Dangote also condemned the practice of profiteering from the new pricing structure, describing it as “unpatriotic” and “detrimental” to the welfare of Nigerians. The statement warned against any party purchasing PMS at the new rate of N825 per litre and selling it at inflated prices, such as N945 per litre, as this would be an act of excessive profiteering, which further burdens the Nigerian people.
Consumers who purchase fuel above the advertised rates from any of Dangote’s partners – AP (Ardova Plc), Heyden, or MRS – are encouraged to report to the refinery with their receipts to receive a full refund for the excess amount.
The approved rates per litre are as follows:
- MRS: N860 in Lagos, N870 in the South-West, N880 in the North, N890 in the South-South and South-East
- Heyden & AP: N865 in Lagos, N875 in the South-West, N885 in the North, N895 in the South-South and South-East
With the new gantry price of N825 per litre, Dangote Refinery assures that no Nigerian will pay more than N900 per litre for PMS, regardless of location or petrol station.
“We are committed to providing high-quality, eco-friendly fuel that not only benefits vehicle performance but also supports public health,” the refinery said in its statement. “Our efforts align with President Bola Tinubu’s Renewed Hope Agenda, which promotes self-sufficiency in critical sectors like energy.”
Dangote Refinery concluded by reaffirming its dedication to Nigeria’s economic growth and energy security, emphasizing that this initiative is just one of many ways the refinery is contributing to a sustainable and prosperous future for the country.
