Dangote Refinery Decreases Fuel Price to ₦820 per Liter
In a significant move aimed at boosting Nigeria's economy and providing relief to consumers, the Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol. Effective from August 12, 2025, the price has been lowered from ₦850 to ₦820 per litre [1][4][5].
This price adjustment, announced by the Dangote Group's Chief Branding and Communications Officer, Anthony Chiejina, has led to a ripple effect in the downstream market. Major players, including the Nigerian National Petroleum Corporation (NNPC) and Dangote partners like MRS and Ardova, have followed suit, lowering retail petrol prices [2].
In some locations such as Lagos and Ogun, retail petrol prices have dropped from as high as ₦950 per litre to as low as ₦865 per litre. Generally, prices now range around ₦865 to ₦890 per litre, depending on the filling station and location [2].
However, some Nigerians believe that the prices need to fall further—to between ₦200 and ₦500 per litre—to significantly affect the economy and inflation [2]. The refinery's price cut aligns with its commitment to consistent and uninterrupted fuel supply [2].
The Dangote Refinery has not decreased the price of PMS below the rates of fuel importers as of the latest information. Neither has it sought a ban on fuel imports or oil marketers, nor has it withdrawn any ₦100 billion lawsuit against the NMDPRA, NNPCL, or oil marketers [3].
As part of its sustainability drive, the Dangote Petroleum Refinery plans to roll out 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide fuel distribution, starting August 15, 2025 [6]. This initiative is expected to further enhance the refinery's commitment to Nigeria's economic development and sustainable energy solutions.
| Aspect | Details | |--------------------------|------------------------------------------------------| | Price Reduction | ₦850 to ₦820 per litre (ex-depot/gantry price) | | Effective Date | August 12, 2025 | | Retail Price Impact | Prices dropped from ~₦950 to as low as ₦865 per litre | | Location Variations | Lagos and Ogun mainly ₦865–₦890 per litre; higher in distant states | | Economic Impact | Some view price as still high; further cuts desired | | Sustainability Initiative | 4,000 CNG-powered trucks for nationwide fuel distribution | | Legal Status | No ban on fuel imports or oil marketers; lawsuit against NMDPRA, NNPCL, and oil marketers ongoing |
This reduction by Dangote Petroleum Refinery has caused a notable downtrend in petrol retail prices in Nigeria starting mid-August 2025 [1][2][3][4][5]. The refinery has reaffirmed its commitment to Nigeria's economic development and assures the public of a steady supply of petroleum products.
[1] Nairametrics (2025). Dangote Refinery Reduces Ex-depot Price of Petrol. [Online] Available at: https://www.nairametrics.com/2025/08/06/dangote-refinery-reduces-ex-depot-price-of-petrol/
[2] The Guardian (2025). Dangote Refinery Cuts Petrol Price to ₦820 per Litre. [Online] Available at: https://guardian.ng/business-services/dangote-refinery-cuts-petrol-price-to-820-per-litre/
[3] ThisDay (2025). Dangote Refinery Denies Allegations of Ban on Fuel Imports, Lawsuit Against NMDPRA, NNPCL, and Oil Marketers. [Online] Available at: https://www.thisdaylive.com/index.php/2025/08/06/dangote-refinery-denies-allegations-of-ban-on-fuel-imports-lawsuit-against-nmdpra-nnpcl-and-oil-marketers/
[4] BusinessDay (2025). Dangote Refinery Reduces Ex-depot Price of Petrol to ₦820 per Litre. [Online] Available at: https://www.businessdayonline.com/energy/dangote-refinery-reduces-ex-depot-price-of-petrol-to-820-per-litre/
[5] Punch (2025). Dangote Refinery Cuts Ex-depot Price of Petrol to ₦820 per Litre. [Online] Available at: https://punchng.com/dangote-refinery-cuts-ex-depot-price-of-petrol-to-820-per-litre/
[6] Vanguard (2025). Dangote Refinery to Deploy 4,000 CNG-powered Trucks for Fuel Distribution. [Online] Available at: https://www.vanguardngr.com/2025/08/dangote-refinery-to-deploy-4000-cng-powered-trucks-for-fuel-distribution/
- The announcement by Dangote Petroleum Refinery to reduce the ex-depot price of petrol from ₦850 to ₦820 per litre has contributed to the Nigerian industry, particularly the energy sector, as it aims to boost the nation's economy.
- With the price cut and subsequent reduction in retail petrol prices, the finance sector in Nigeria might experience a positive impact, as consumers benefit from affordability and potential improvement in purchasing power.
- The implementation of the Dangote Refinery's sustainability drive, such as the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide fuel distribution, may encourage the growth and transition towards cleaner, more sustainable energy solutions within the country.
