The Dangote Petroleum Refinery has lowered the ex-depot cost of petrol to ₦1,075 per litre, down from the previous ₦1,125. This change is anticipated to drive down fuel prices across the Nigerian market.
Alongside this price cut, the facility has set its coastal loading rate to ₦1,075 per litre. Furthermore, it has ended its exclusive consortium marketing agreement, permitting all certified marketers to purchase and load petrol directly from the refinery gantry.
Previously, this consortium included major companies such as NIPCO, MRS, TotalEnergies, and the NNPC Retail arm, among others. Industry insiders suggest this shift aims to ensure domestic petrol remains more attractive than foreign imports while expanding supply channels to reach more retailers nationwide.
Experts believe opening access will foster stronger competition and improve product distribution. This adjustment aligns with recent guidance from the Federal Government and the NMDPRA, which urged local suppliers to synchronize prices with global crude market trends. With these new rates, fuel importers and depot operators face significant pressure to lower their own prices to stay relevant in the current deregulated landscape.
