Nigeria’s Dangote Refinery has sustained the momentum of fuel price reduction with a fresh N40 naira slash to N840 from N880 per litre.
This showed that the 650,000-barrel-per-day refinery slashed its petrol ex-depot prices by N40 per litre.
The downward review of Dangote Refinery’s gantry price comes after the company implemented a price hike on June 20, 2025, following a surge in global oil prices as a result of the war between Israel and Iran in the Middle East.
As of Monday afternoon, petroleum product marketers and filling station owners in Lagos and Abuja dispensed fuel between N875 and N970 per litre, depending on the outlets.
MRS filling station, Dangote Refinery’s partner, the Nigerian National Petroleum Company Limited, AA Rano, Shafa, Mobile, Eterna, and AP Ardova sell petrol at N945 per litre as of Monday evening. Others, such as Ranoil and Empire filling stations, dispense petrol between N950 and N970.
Dangote refinery’s fresh price template comes amid the de-escalation of the conflict between Israel and Iran after the President of the United States of America, Donald Trump, announced a ceasefire.
Meanwhile, at the time of filing this report it could not be confirmed whether petroleum marketers fulfilled their plan.