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The Dangote Petroleum Refinery has announced a refund for customers who purchased petrol at higher rates than the advertised prices.
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The refund follows the refinery’s recent reduction of its gantry price from N890 per litre to N825 per litre.
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The company will refund N65 per litre on over 200,000 metric tonnes of petrol purchased by marketers at the old gantry price.
The Dangote Petroleum Refinery has announced that it will refund customers who purchased Premium Motor Spirit (petrol) at rates higher than the advertised prices from any of its key partners – Ardova Plc, Heyden, or MRS – across Nigeria.
According to a statement by the refinery, the refund is part of its ongoing efforts to ensure that Nigerians benefit from the recent price reduction.
The company reduced its gantry price from N890 per litre to N825 per litre, and will refund N65 per litre on over 200,000 metric tonnes of petrol purchased by marketers at the old gantry price.
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“The step, effective February 27, 2025, guarantees that none of our valued business partners will experience a loss due to the price change.
More importantly, it ensures that the new, lower rate takes immediate effect nationwide for the benefit of the Nigerian people,” the statement said.
The refinery emphasized that this initiative extends beyond MRS Holdings, Ardova Plc, and Heyden, urging other marketers sourcing stock from it to pass on the benefits of the new pricing to consumers at the retail level.
The company also condemned any exploitation of the new pricing structure, describing it as “unpatriotic and detrimental to the welfare of Nigerians.”
“It is both unpatriotic and detrimental to the welfare of Nigerians for any party to purchase at a rate of N825 per litre and then sell to consumers at N945 or more per litre. This constitutes excessive profiteering, further burdening Nigerians for personal gain,” the statement added.
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The company reiterated its commitment to providing high-quality, eco-friendly fuel that benefits vehicle performance and supports public health.
“Our commitment aligns with the objectives of President Bola Tinubu’s Renewed Hope Agenda, which champions self-sufficiency in critical sectors like energy. We remain dedicated to supporting Nigeria’s economic growth and ensuring every Nigerian has access to affordable, high-quality energy solution,”it added.
Dangote reduces petrol price to N860/litre
Dangote Petroleum Refinery on Wednesday announced a significant reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly referred to as petrol.
The price reduction, which is the second in February 2025, sees a decrease of N65.00, bringing the new price down to N825 per litre, effective Thursday, February 27, 2025.
