It looks part of keeping up with a recurring generousity profile, the shining image of Africa’s richest man Aliko Dangote, whose $20billion Lagos-based petrochemical company at the moment is redistributing wealth, making rides less burdensome and helping buyers connect with cheaper Holy Month of Ramadan nutritious deals on their food shopping starting today, says the private crude oil refinery in a statement.

Nigerians, Muslims or not, will feel the refiner touching them as it adjusts the price of its petrol a little further down, according to the Dangote Petroleum Refinery X page.

The refinery’s post on 26 February 2025, which addressed 670,000 followers, said the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, will be reduced by ₦65.00, from ₦890 to ₦825 per litre, effective this moment. It should be known that this is very intentional.

Rightfully, the oil marketers are the obvious demographic to get the benefits of price slash – depending on the quantity ordered – before they pass it on to the last man.

These marketers are the ones directly taking refined crude oil in PMS form to the filling stations, where households and businesses can now buy it for their energy use.

To get cheaper fuel reflecting Dangote’s rates, the buyer needs to approach specific services, such as any of the filling station outlets operated by MRS Holdings or Ardova Petroleum.

It is a fact that practically all Nigerians share that the past 20 months of Bola Tinubu’s Presidency have been unusually difficult; hence, Dangote, tying its Ramadan gift to lending its share of the support.

The statement marking the second price reduction under a month reads that this 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.

Federal officials like the Finance and Coordinating Minister of the Economy Mr Wale Edun always hoped to be right when he talks about the country eventually turning the curve over live breakfast. Late January saw the minister projecting that a 34.80 percent inflation rate would possibly go down by more than half ten months from now in January.

The projection came at a budget defence sitting on Monday, 20 January 2025. There, Wale Edun was joined by the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, and the Permanent Secretary of the Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya – a unified group working together to pitch a justification for the funds allocated to the finance ministry.

ALSO READ: Finance minister Edun lays out clearer ways to halve 34.80% inflation rate ending 2025

The signs for now show there can be room for optimism as grains started seeing a massive reduction in their cost, and the northeastern Nigerian markets represent a banner for how shoppers see better, brighter horizons.

Luck could also be a factor that explains why food prices have dropped, and so can Aliko Dangote’s life-long nationality of being Nigerian offer few clues. Beyond being a businessman and getting caught up in a burst of passion that saw him want to buy the London-based football club Arsenal, is Dangote’s philanthropy.

On Monday, 24 February, the American businessman Bill Gates, for his keenness about science, was an apt interviewee on the BBC World Service Discovery programme that dives into fascinating stories that shaped the world.

Bill Gates is a close associate of Mr Dangote, not just for the obvious fact that they are both billionaires, but they are both driven by the urge for philanthropy. The American built his fortunes as a tech entrepreneur who founded Microsoft and invests his wealth in providing vaccines that help boost the immunity of underserved communities across the globe and sub-Saharan Africa.

Part of his work has taken him several times to Mr Dangote’s country. The latter, who made his name from selling fast-moving consumer goods, has been at the receiving end of allegations accusing him of trying to establish a monopoly.

Besides selling edibles, the Kano indigene also has energy assets in the PMS and diesel, and his petrochemical company can produce all year round. For Ramadan, which the year calendar anticipates begins tomorrow, at a ₦825 per litre going rate that no other competitor has so far matched, 2025 fast period looks set.

Just about a year ago, things were quite troubling as the inflation rate was almost out of control. But X profiles taking in the PMS downward price review feel positive still because of the premium quality they get visiting one distributor getting supplies for the refinery.

I buy frequently at Heyden, and it lasts longer [and] also gauges well, honestly, tweets Olamilekan Ajimotu.

A boost for Heyden’s public relations team and a dip for another company as Lanre Ogunlana wrote that: I don’t mind the fact that it is more expensive, but it gauges well, very well sef. So I would rather buy ₦925/Ltr that gauges well than buy ₦825/Ltr that does not gauge well. I don’t trust MRS at all.

Meiza Nigeria