Dangote Petroleum Refinery & Petrochemicals has pledged to refund customers who purchase Premium Motor Spirit at prices higher than its advertised rates from its authorized partners—Ardova Plc, Heyden, or MRS—across Nigeria.
This decision comes after the refinery recently lowered its gantry price from N890 to N825 per litre.
The company said it is part of its commitment to ensuring Nigerians benefit directly from the price reduction, aligning with President Bola Tinubu’s Renewed Hope Agenda to boost economic growth.
In a statement over the weekend, Dangote Refinery confirmed it will refund N65 per litre on over 200,000 metric tonnes of PMS purchased at the previous gantry price of N890 per litre before the new rate of N825 per litre.
The refinery also absorbed a N16 billion loss to ensure Nigerians benefit from more affordable fuel.
“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 stressed that this initiative goes beyond MRS Holdings, Ardova Plc, and Heyden.
It urged all marketers sourcing from it to reflect the new pricing at the retail level, reinforcing a collective commitment to providing affordable, high-quality fuel to consumers.
Dangote also condemned any exploitation of the new pricing structure. “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.
“Dangote Refinery in its effort to ensure good quality and affordable fuel for Nigerians, is working with its partners to make this price accessible. Consumers who purchase fuel above the advertised rate at any of its key partners – AP (Ardova Plc), Heyden, or MRS – anywhere in Nigeria, are encouraged to report to Dangote Refinery with their receipts for a full refund of the excess amount.”
The approved rates per litre are as follows: MRS: N860 in Lagos, N870 in the South-West, N880 in the North, and N890 in the South-South and South-East; Heyden and AP: N865 in Lagos, N875 in the South-west, N885 in the North, and N895 in the South-south and South-east.
With the new gantry price at N825 per litre, Dangote Refinery expects that no Nigerian will pay more than N900 per litre for PMS, regardless of location or petrol station. It also reaffirmed its commitment to supplying high-quality, eco-friendly fuel that enhances vehicle performance and promotes public health.
