Dangote Petroleum Refinery has reduced the ex-depot price of petrol by N50 per litre, bringing it down to N1,165 from N1,215. Diesel, also known as Automotive Gas Oil, now sells for N1,570 per litre at depot, a cut of N80 from the previous N1,650. The price adjustments are part of the refinery's ongoing effort to improve energy affordability and support economic activity through locally refined products.
The company stated that the move reflects its commitment to leveraging operational efficiencies to deliver value to consumers, businesses, and other stakeholders. As Africa's largest refinery, Dangote said it continues to strengthen Nigeria's energy security and reduce reliance on imported petroleum products. The refinery emphasized its role in supporting domestic industries by ensuring a stable supply of high-quality fuel.
While the reduction may offer relief to marketers, transport operators, and manufacturers, the actual impact on retail prices at filling stations will depend on distribution costs, logistics, and marketers' margins. The refinery reiterated its focus on maintaining consistent product availability and improving efficiency to meet the country's energy needs.
The price cut benefits only depot-level buyers, not necessarily the final consumer at the pump. Whether retail prices drop depends on decisions by marketers and distributors not mentioned in the refinery's announcement. This gap between ex-depot cuts and street-level relief has persisted through past adjustments.
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