•Dangote Refinery has slashed petrol prices at the depots as competition heightens in the downstream sector.
• Imported fuel landing cost declines to ₦827.04 — Marketers’ data
• Retail pump price expected to fall below ₦950 nationwide
The Dangote Refinery has announced a downward review of its Premium Motor Spirit (PMS) price, following a sharp decline in the landing cost of imported petrol across Nigeria.
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Checks by DAILY REPORT NIGERIA revealed that the refinery reduced its ex-depot price from ₦872 to ₦827 per litre — a ₦44 drop aimed at aligning with current market realities.
READ ALSO: Dangote Slashes Petrol Price to N828 as Nigeria’s Energy Sector Booms
According to the refinery’s management, the adjustment is part of its ongoing strategy to remain competitive within Nigeria’s downstream sector and ensure fair pricing for consumers.
Industry data obtained from the Major Energy Marketers Association of Nigeria (MEMAN) confirmed that the landing cost of imported petrol has dropped to ₦827.04 per litre as of November 2025, driving down pump prices in some parts of Abuja and other major cities.
The refinery said it expects its retail partners — including MRS, AP Ardova, and other distributors — to further reduce their pump prices below ₦950 per litre in the coming days.
Energy analysts say the move could trigger a price alignment across the domestic market and reduce pressure on independent marketers struggling with high import costs.
The development comes amid renewed government efforts to stabilise the downstream sector through market-driven competition and improved domestic refining capacity.
