Dangote Petroleum Refinery has reduced its ex-depot petrol price to ₦820 per litre. This marks the refinery’s lowest rate since March 14, when petrol briefly sold at ₦815/L. The cut, confirmed by marketers in Lagos and Warri, takes effect immediately. It is also Dangote’s eleventh price adjustment so far in 2025.
While the refinery has not issued an official statement, Petroleumprice.ng correspondents are tracking developments. For now, the move appears aimed at reinforcing Dangote’s price leadership in the downstream market.
Marketers Expect Lower Pump Prices, but Depot Concerns Mount
Dangote has consistently led ex-depot pricing across Nigeria. The previous rate of ₦840/L already undercut rival depots, which averaged ₦855/L. The new ₦820/L price now widens that margin further.
Marketers say the revised rate was communicated on July 7 through internal PFIs. Loading under the new price began on July 8. Many believe the reduction could bring pump prices closer to ₦850/L, especially in Lagos and Ogun states.
Depot owners and retailers who lifted at higher rates last week now face possible losses. Some are holding off on fresh liftings to avoid being caught in another downward swing.
Market Eyes Dangote’s Next Move as Volatility Persists
The pricing shift may provide relief for consumers, but it adds pressure to an already fragile distribution chain. No rebate has been confirmed, but marketers are seeking clarity from depot officials.
Dangote’s pricing decisions continue to steer the Nigerian fuel market. As global oil prices and forex rates fluctuate, its role remains pivotal. In this volatile environment, each price move sends ripples across the supply chain.
Petroleumprice.ng will provide updates as more information becomes available.