Dangote Refinery Drops Petrol Price to ₦865/Litre: Nigerians to Pay Less at Fuel Stations”
Written by SpringNewsNG Media Limited | April 10, 2025
Lagos, Nigeria – April 10, 2025 – In a move that will directly benefit millions of Nigerians, Dangote Petroleum Refinery http://Dangote Petroleum Refineryhas officially reduced its ex-depot petrol price from ₦880 to ₦865 per litre, marking the first major price cut since beginning local fuel supply.
Key Details of the Price Reduction
✔ New Official Rate: ₦865/litre (effective immediately)
✔ Expected Pump Price: ₦900-₦915/litre at partner stations
✔ Affected Marketers: MRS, Ardova, Heyden, NIPCO and other Dangote-linked outlets
✔ Policy Connection: Comes 24 hours after refinery executives met with Finance Minister Wale Edun
3 Immediate Benefits for Nigerians
- Transport Cost Relief: Commercial drivers may reduce fares as operational costs drop
- Food Price Impact: Cheaper logistics could slow food inflation
- Energy Security: Local production reduces vulnerability to global oil shocks
Market Reaction:
Independent fuel stations are expected to follow suit within 72 hours to remain competitive, though pricing may vary by region.
Expert Insight:
“While ₦15/litre seems modest, this demonstrates Dangote’s ability to influence market pricing. If sustained, we could see a new era of fuel price stability,” said energy analyst Chika Mbonu.
