Business News of Saturday, 1 March 2025

Source: www.legit.ng

Full List: Dangote releases petrol prices for Ardova, MRS, Hyden filling stations nationwide

Dangote Refinery has relationships with MRS, Hyden and also Ardova Dangote Refinery has relationships with MRS, Hyden and also Ardova

Dangote Group has officially released the petrol prices for Ardova Plc, MRS Oil Nigeria Plc, and Heyden filling stations.

The three oil marketers are partners of Dangote Refinery, through which its petrol is sold to Nigerians.

According to a message shared on Friday, February 28, Dangote refinery said:

"New petrol price reduction! Buy from our partners' retail outlets nationwide. Our quality diesel and petrol are refined for better engine performance."

Here is a breakdown of prices:

MRS

- Lagos – N860
- South-West – N870
- North – N880
- South-South & South-East – N880

Ardova Plc (AP)

- Lagos – N865
- South-West – N875
- North – N885
- South-South & South-East – N885

Heyden

- Lagos – N865
- South-West – N875
- North – N885
- South-South & South-East – N895

Dangote reduces fuel prices

In an earlier statement, Dangote announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025.

The refinery noted that the strategic price adjustment is designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season, while also supporting President Bola Ahmed Tinubu's economic recovery policy by alleviating the financial burden on the Nigerian populace.

Part of the statement reads:

"It is important to note that Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians. This marks the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.

"Additionally, in December 2024, during the yuletide period, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to easing the cost of living and providing relief to Nigerians during the holiday season.

"This reduction has positively impacted the overall cost of living, benefiting various sectors of the economy, and has also ensured that Nigerians did not experience the perennial fuel scarcity and price hikes typically associated with the yuletide season."