US EditionNigeria: Dangote Refinery Slashes Petrol Gantry Price to N825 Per Litre
- On May 12, 2025, Dangote Petrochemicals Refinery lowered the selling price of Premium Motor Spirit to ₦825 per litre at its Nigerian plant by offering a ₦10 rebate to marketers upon successful product loading.
- This price reduction, following two earlier cuts in April, coincided with the reinstatement of the policy requiring local refiners to purchase crude oil using Naira, impacting the economics of domestic refining.
- The refinery offers a ₦10 rebate post-purchase, effectively lowering prices for marketers from ₦835 to ₦825 per litre and pressuring fuel importers.
- A refinery insider explained that the recent price adjustment aligns with the company’s overall efforts to make fuel more affordable and accessible to Nigerians while upholding product quality.
- The price reduction aims to stabilize domestic fuel costs, enhance market competitiveness, and may prompt nationwide pump price adjustments benefiting consumers.
16 Articles
16 Articles
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Nigeria’s Dangote oil refinery has cancelled its planned June maintenance for its 204,000 barrels per day gasoline-making unit. This decision comes after the refinery completed necessary works during an unplanned shutdown that occurred from April 7 to May 11, according to industry monitor IIR. During this unscheduled outage, the Dangote refinery increased its exports of residual products, such as straight run fuel oil. Simultaneously, exports of…
Nationwide petrol price drop looms as Dangote Refinery slashes ex-depot rates again
Petroleum marketers and retailers across Nigeria are bracing for a nationwide drop in the retail price of petrol, following the latest downward review of the ex-depot price of premium motor spirit (PMS) by Dangote Refinery on Monday. The move, industry stakeholders say, is expected to trigger widespread adjustments at filling stations across the country in the coming days. According to reports, the 650,000 barrels per day Dangote Refinery—locate…
Dangote Refinery: Marketers, retailers project petrol pump price to drop below N900/litre nationwide - News360 Info - Breaking News, Nigerian News and Multimedia, World News.
Petroleum marketers and retailers said Dangote Refinery’s latest premium motor spirit ex-depot price reduction on Monday would lead to a retail price drop across filling stations nationwide. It was reported that on Monday, the 650,000 barrels per day refinery based in Lekki, Lagos State, offered customers a N10 refund on PMS bought at N835 per litre. The […] The post Dangote Refinery: Marketers, retailers project petrol pump price to drop below …
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