Nigerians may soon enjoy lower fuel prices at Heyden Petroleum and Ardova Plc retail stations nationwide, following a bulk purchase agreement with the Dangote Petroleum Refinery.
This collaboration ensures a steady supply of refined products from the world’s largest single-train refinery, offering affordable and consistent pricing to consumers.
Recently, MRS Oil Nigeria Plc entered a similar partnership, allowing it to sell premium motor spirit (PMS) at ₦935 per litre, addressing price disparities across the country. The deal boosted investor confidence, pushing MRS Oil’s share price to a 52-week high on the Nigerian Exchange (NGX).
Propelled by President Bola Tinubu’s crude-for-naira swap initiative, Ardova and Heyden have joined the push for lower fuel prices. The agreement guarantees both companies access to a full range of petroleum products, enhancing supply chain stability and securing operations at over 1,000 retail outlets.
A statement from Ardova revealed that the partnership formalizes its longstanding role as a key off-taker from the Dangote Refinery, aiming to reshape the competitive landscape of Nigeria’s downstream oil and gas sector.
Operational since 2024, the Dangote Refinery has significantly eased fuel supply pressures, reducing price hikes and shortages. This latest agreement is expected to further transform Nigeria’s oil and gas market, delivering sustainable benefits to businesses and consumers alike.
