Major downstream marketers across Nigeria, including Ardova (AP), MRS, Heyden, Optima Energy, Tecno Oil, and others, have implemented a fresh round of petrol price adjustments at the pump following a new directive from Dangote Petroleum Refinery.
The refinery announced a reduction in its gantry price of Premium Motor Spirit (PMS) from ₦865 to ₦835 per litre, effective Wednesday, April 16, 2025. This development has triggered downward adjustments in retail pump prices across various regions as partner marketers pass on the cost savings to consumers.
New Regional Pump Prices at Partner Outlets
Lagos (Including stations operated by Ardova, MRS, Heyden, Optima Energy, Tecno Oil, and Hyde)
₦890 per litre, down from ₦920
South-West
₦900 per litre, previously ₦930
North-West & North-Central
₦910 per litre, reduced from ₦940
South-East, South-South & North-East
₦920 per litre, down from ₦950
Nationwide Impact and Consumer Relief
The pump price adjustments are expected to bring relief to motorists and transport operators, particularly during the high-demand Easter season. The refinery and its partners say the move reflects a commitment to affordable, high-quality fuel and a desire to contribute to broader economic stability.
According to the press statement from Dangote Refinery, the coordinated price cuts are designed to stabilize domestic fuel prices, improve supply consistency, and ease cost-of-living pressures across the six geopolitical zones.
Refinery Strategy Driving Market Dynamics
This marks the second petrol price cut in one week by the refinery, which continues to expand its influence on the Nigerian petroleum market. The company also reiterated its readiness to meet local demand with surplus for export, encouraging marketers to continue sourcing directly from the refinery.
As Ardova, MRS, and other major marketers adopt these new pump prices, the competitive landscape of Nigeria’s downstream sector is poised for further shifts, with Dangote Refinery increasingly steering the pricing conversation.
