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- Energy experts are eyeing different petrol terms chopped from the Dangote Refinery pursuing accrued unit from depot owners
- Already, depots person matched the mega refinery’s terms of N820 per litre, pushing the refinery into a choky corner
- Also, the existent crude lipid terms driblet is pressuring refineries astir the world, including Dangote, to readjust their prices
Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.
Energy experts are optimistic that the 650,000 bpd-capacity Dangote Refinery whitethorn chopped petrol prices again to oregon beneath N800 per litre, marking a 3rd chopped successful implicit a week.
According to them, a crisp driblet successful planetary crude prices and stiff contention from backstage depots are forcing Dangote Refinery into a choky corner.
Source: Getty Images
Dangote Refinery to trim petrol terms beneath N800
Industry watchers present expect Africa’s largest refinery to reappraisal its PMS prices for the 12th clip successful 2025, with a imaginable slash beneath N800 per litre perchance successful the offing.
A anterior study by Legit.ng disclosed that backstage depots successful Lagos person already matched Dangote’s latest ex-depot prices of N820 per litre.
The contiguous effect shows a deliberate strategy to clasp high-volume marketers and undercut the refinery’s standard advantage.
Depot owners lucifer Dangote’s price
Petroleumpriceng disclosed that depot bulk marketers said this depot-level terms realignments purpose to discourage large marketers, particularly those purchasing 2 cardinal litres per week, from switching from Dangote.
As of July 10, 2025, respective depot owners sold PMS astatine varying prices, including Dangote astatine N820 per litre, AIPEC astatine N821, Menj astatine N821, Pinnacle astatine N821, AA Rano astatine N821, respectively, portion Aiteo sells astatine N823 per litre.
Reports accidental Dangote’s pricing exemplary is nether further onslaught from planetary lipid marketplace volatility.
Crude lipid terms clang unit Dangote
As of Tuesday, 10, 2025, planetary crude benchmarks dipped successful prices driven by renewed US-Iran atomic talks.
The marketplace reacted to the quality that the US whitethorn assistance sanctions connected Iran, which could pb to a proviso glut and further terms depreciations.
Latest marketplace information shows the diesel conception of the petroleum merchandise marketplace is besides nether pressure.
Diesel prices crossed coastal depots person reduced, showing improved marine proviso and bearish planetary sentiment.
This terms softening crossed the committee shows a wider calibration successful refined merchandise pricing and procurement plans.
Marketers hole for August 15 substance rollout
Apart from marketplace dynamics, the projected August 15 nationwide substance organisation cycle by Dangote Refinery is expanding competition.
Retailers and different agencies are rushing to fastener successful products up of allocation deadlines.
New PMS terms is successful the offing?
Experts accidental each signs amusement that Dangote Refinery whitethorn trim its ex-depot terms for PMS to N795 oregon little successful the coming days.
Such a determination would people the facility's 12th petrol terms accommodation successful six months.
Source: Getty Images
A operation of planetary crude volatility, backstage depot battles, and imminent allocation deadlines makes it each plausible that the mega refinery whitethorn revisit its pricing strategies.
Marketers undercut Dangote Refinery
Legit.ng earlier reported that Several filling stations person chopped petrol prices below N900 per litre, days aft Dangote Refinery slashed its ex-depot terms by N40.
Many filling stations successful Lagos and Ogun states present merchantability petrol astatine N875 and N890 per litre.
However, immoderate petrol stations inactive sold the merchandise supra N900 per litre arsenic of Sunday, July 6, 2025.
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Source: Legit.ng
