The pump price of petrol in Nigeria is projected to fall below N900 per litre following Dangote Petroleum Refinery’s decision to slash its ex-depot price from N850 to N820 per litre. The price adjustment, announced on Tuesday, is expected to trigger a downward review of retail prices at filling stations across the country.
In a statement signed by Dangote Group’s Chief Branding and Communications Officer, Anthony Chiejina, the company confirmed that the reduction took effect on August 12, 2025. “Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, commonly referred to as petrol, by N30 from N850 to N820 per litre. As part of our unwavering commitment to national development, Dangote Petroleum Refinery assures the public of a consistent and uninterrupted supply of petroleum products,” the statement read in part.
The move comes amid concerns over rising pump prices, with The PUNCH earlier reporting that some filling stations had increased rates to N900 and above, despite a decline in global crude prices from nearly $69 to $66 per barrel. Retail outlets owned by the Nigerian National Petroleum Company Limited had also adjusted their prices upward in Lagos and Ogun states.
Analysts expect the price cut by Dangote to bring some relief to motorists and households, while also putting pressure on marketers to review pump prices downward in the coming days.
