In a move seen as a modest relief for consumers, Dangote Petroleum Refinery has slashed the ex-depot price of petrol from ₦880 to ₦840 per litre.
The reduction took effect on Monday, June 30, 2025, following a drop in global crude oil prices.
Tony Chiejina, a spokesperson for the refinery, confirmed the new price. He noted that the recent reduction was influenced by global oil market conditions.
Brent crude fell to $67.61 per barrel after the ceasefire between Israel and Iran, compared to about $80 days earlier.
Major retailers including MRS Oil & Gas, Ardova Plc, and Heyden, who have supply deals with Dangote Refinery, are expected to reflect this adjustment.
Their pump prices are projected to drop below ₦900 in line with the revised ex-depot rate.
Refinery Offers Free Distribution, Credit Facility
Just two weeks ago, the refinery launched a free distribution initiative. On June 15, 2025, it began supplying diesel and petrol at no cost to select dealers nationwide.
It also unveiled a new credit package for bulk buyers. Those purchasing a minimum of 500,000 litres can now access an equal volume on credit, repayable within two weeks.
“This offer comes with a bank guarantee,” the company disclosed.
To support the national distribution of its products, Dangote Refinery has acquired 4,000 Compressed Natural Gas-powered tankers.
The rollout is scheduled to begin on August 15, 2025.
This investment is part of its larger plan to create a more cost-effective, environmentally friendly fuel logistics system.
Independent Marketers Raise Concerns
While consumers may benefit from the refinery’s aggressive expansion, some petrol marketers are raising alarm.
Independent depot owners and truck operators argue that Dangote’s sweeping supply deals will choke smaller players.
They fear it could push out retail outlets that depend on flexible distribution arrangements to serve their customers.
For decades, Nigeria has battled unreliable power and fuel shortages.
The shutdown of state-owned refineries and a reliance on imported fuel made the country dependent on foreign supply chains.
Prices have soared since President Bola Tinubu removed fuel subsidy in May 2023. Petrol rose from about ₦200/litre to as high as ₦1,000/litre.
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