Dangote Refinery Cuts Petrol Price to ₦1,075/litre, Opens Sales to All Marketers

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Dangote Petroleum Refinery has cut the price of petrol to ₦1,075 per litre, a move that is expected to make locally refined petrol more competitive than imported products.

According to industry sources, the new pricing is aimed at making locally refined petrol more competitive than imported products, while broadening access to supplies for marketers nationwide.

The refinery also aligned its coastal loading price at ₦1,075 per litre and suspended its consortium marketing arrangement, effectively opening petrol loading at its gantry to all qualified marketers. The suspended consortium comprised NIPCO Plc/11 Plc, MRS, TotalEnergies, Conoil, AA Rano, AYM Shafa, Rainoil/Eterna, Ardova Plc, NNPC Retail and other participating marketers.

Stakeholders said the new pricing would increase pressure on fuel importers and private depot owners, many of whom are expected to review their prices downward to remain competitive. They added that the development could also lead to fresh reductions in depot prices and, ultimately, lower pump prices for motorists if marketers pass the savings on to consumers.

The latest reduction comes amid declining global crude oil prices and follows calls by the Federal Government and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, for domestic petroleum product prices to reflect prevailing international market conditions under the deregulated regime.

Dangote Refinery is Africa's largest refinery and the largest single-train refinery in the world, with an estimated capacity of 650,000 barrels per day.

Dangote Refinery is a subsidiary of the Dangote Group, a multinational conglomerate founded by Aliko Dangote, Africa's richest person, with a net worth of over $20 billion.

According to reports, the refinery has been operational since 2025, and its opening was expected to increase Nigeria's refining capacity and reduce dependence on imported petroleum products.

And it's not just the price reduction that's making waves, analysts say the move is a sign that Dangote Refinery is becoming a serious player in Nigeria's downstream petroleum market.