The Dangote Petroleum Refinery has reduced its petrol price to ₦825 per litre. This new gantry price dropped from the previous ₦835 per litre.
The ₦10 reduction comes just weeks after the refinery had earlier slashed the price from ₦865 per litre. The move is part of the company’s strategy to increase market share in Nigeria’s competitive downstream oil sector.
Petrol, officially called Premium Motor Spirit (PMS), is one of Nigeria’s most consumed commodities. The product plays a central role in transportation and energy for homes and small businesses.
A source at the refinery confirmed the new price to several industry reporters.
“The refinery is offering more value to customers and driving growth in the local supply chain,” the source said.
Refinery Targets Market Expansion
The 650,000 barrels per day (bpd) Dangote Refinery is the largest in Africa and the Middle East. It started distributing diesel and aviation fuel in April 2024. Petrol distribution began in phases in 2025.
The refinery, located in Lagos’ Lekki Free Trade Zone, is expected to significantly reduce Nigeria’s reliance on imported fuel. Nigeria had depended on foreign refineries for petrol for decades, despite being Africa’s top crude oil producer.
Before the Dangote refinery entered the market, Nigeria imported nearly all its refined petrol. This added extra cost due to foreign exchange, shipping, and taxes.
Many marketers now prefer buying from Dangote due to lower costs, stable supply, and ease of logistics within Nigeria.
“We’re glad to see these adjustments,” said a fuel station owner in Abuja. “It’s helping reduce what customers pay at the pump.”
Retail Prices Still Vary Across States
Despite the refinery’s lower gantry prices, petrol pump prices remain different across the country. Retail prices currently range between ₦850 and ₦900 per litre in major cities.
Transportation costs, dealer margins, and state taxes influence final prices paid by consumers. There are also calls for the federal government to work with private refineries to ensure pricing transparency and efficiency.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has not officially responded to the price change. But the agency recently said it welcomes private investment that supports supply and pricing stability.
Industry analysts say competition between Dangote and other suppliers could help reduce fuel prices further.
“It’s good for the country when local refining pushes prices down,” said energy consultant Chijioke Okonkwo. “Nigeria has waited long for this.”
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