Dangote Petroleum Refinery on Tuesday announced a ₦20 reduction in its ex-depot petrol price, bringing it from ₦840 to ₦820 per litre effective July 8, 2025. This marks the second cut in as many weeks following the previous reduction from ₦880 to ₦840 on June 30.
Spokesman Anthony (“Tony”) Chiejina stated the adjustment aimed to drive affordability amid recent fluctuations in global crude prices and intensifying domestic competition. The full refiners will likely pass the price cut to pump stations such as MRS Oil & Gas, Ardova, Heyden, Optima, and Techno Oil, with many already reducing retail prices below ₦900 per litre in major cities like Lagos and Abuja.
Industry watchers note Dangote’s aggressive pricing reflects its efforts to undercut rival distributors amid falling crude prices, which dropped to around $70 per barrel from over $77 in June. With greater accessibility and steady supply, more independent marketers are now joining Dangote’s expanding distribution network.
Consumers are expected to benefit from further pump price reductions over the coming days as the full cost pass-through takes effect across retail outlets.
