PMS: Dangote Announces Second Price Reduction in February

For the second time in February, Dangote Petroleum Refinery and Petrochemicals has announced a reduction in the price of Premium Motor Spirit (PMS).

This was disclosed in a statement signed by the company’s Head of Media Communications, Mr Anthony Echiejina, on Wednesday in Lagos.

“This recent price adjustment is expected to ensure that Nigerians pay between N860 and N865 per litre for petrol at the pump in Lagos.

“The new price will take effect from Thursday, February 27, and is aimed at providing much-needed relief to Nigerians, particularly in light of the upcoming Ramadan season.

“This strategic price adjustment is designed to offer essential relief to Nigerians during Ramadan while supporting President Bola Ahmed Tinubu’s economic recovery policies by easing the financial burden on the populace,” the statement read.

“In December 2024, during the holiday season, the refinery reduced petrol prices by N70.50, from N970 to N899.50 per litre, as part of its ongoing commitment to easing the cost of living and providing relief during the festive period.”