Dangote Refinery Drops Petrol Price Again, Sells at N835/Litre

• The Dangote Refinery has reduced its ex-depot price for petrol to N835 per litre, its third downward review in six weeks.

• The latest cut represents a N30 drop from last week and N45 from the previous Wednesday.

• Meanwhile, marketers have secured approval to import over 156 million litres of petrol between April 8 and 16 to boost nationwide fuel supply.

In another market-shaking move, the Dangote Refinery has slashed the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to N835 per litre its third price reduction in less than six weeks.

The latest cut represents a N30 decrease from the N865 per litre introduced just six days ago, and a N45 drop from the N880 rate it sold at the previous Wednesday.

This represents an overall 3.5 per cent reduction and signals a sustained strategy by the refinery to drive down costs for distributors and consumers.

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It was gathered that the refinery informed its customers of the price change via an official notice sent out on Wednesday morning. A Pro forma invoice sighted by our correspondent and independent verification from petroleumprice.ng confirmed the new ex-depot price.

The development comes as fuel marketers secured regulatory clearance to import 117,000 metric tonnes  roughly 156.897 million litres of PMS between April 8 and 16, 2025. The goal is to strengthen fuel availability and ease potential supply bottlenecks.

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Documents obtained by Daily Report from both the Nigerian Ports Authority (NPA) and the Major Energies Marketers Association of Nigeria (MEMAN) revealed the scale of the incoming shipments, with tankers expected to dock at key terminals across the country.

Industry experts say the Dangote refinery’s aggressive pricing approach is set to deepen competition in the downstream oil sector and may trigger further price movements in the coming weeks.