See more as depot owners, Dangote Refinery reduces petrol prices

• Dangote petroluem refinery and besides backstage depot owners person reduced the outgo of petrol products
• The terms alteration comes successful the aftermath of Dangote refinery's determination to slash its retail prices for its partners
• The terms changes further intensify the terms contention among Depot owners and Dangote refinery

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends

Depot owners successful Lagos person reduced the terms of Premium Motor Spirit (PMS), commonly known arsenic petrol.

The terms changes springiness small anticipation for little petrol prices astatine filling stations.

Petrol terms trim astatine deports arsenic terms contention intensifies Photo credit: Bloomberg/contributor
Source: Getty Images

As of Monday, May 26, 2025, the mean terms of petrol declined marginally astatine respective terminals, petroleumprice.ng reports.

The Dangote Petroluem Refinery besides reduced its petrol terms connected Monday.

Here is simply a snapshot of prices connected Monday

According to the latest terms updates, Dangote Refinery reduced its pump terms from N828 to N827 per litre, for marketers portion Eternal Oil adjusted its complaint from N832 to N830.

NIPCO besides chopped its terms from N838 to N837, and some AA Rano and Menj reviewed their prices downward from N831 to N830 per litre.

There were besides changes for the Automotive Gas Oil (AGO) segment, besides known arsenic diesel, with varied terms changes crossed terminals.

Chipet reduced diesel terms from N917 to N916, Menj from N917 to N915, portion Ibeto accrued somewhat from N917 to N918.

Dangote maintained its terms astatine N925, Integrated roseate from N917 to N919, and Nipco saw a important driblet from N940 to N915.

Here are retail prices of Dangote refinery partners

Dangote Petroleum Refinery precocious reduced the retail substance petrol terms of its partners' filling stations, which see MRS, Ardova Plc (AP), Heyden, Optima Energy, TechnoOil, and Hyde.

Here are the caller changes

• Lagos: N875
• South-West: N885
• North-East: N905
• North-West & Central: N895
• South-South: N905

Dangote refinery articulation different depot owners to trim petrol price Photo credit: Bloomberg/contributor
Source: Getty Images

Steps to go a distributor

Dangote released steps for Nigerians looking to go partners with its refinery arsenic petroleum merchandise distributors.

According to the Dangote Group, businesses and individuals indispensable travel a elemental four-step process to go authoritative distributors of its petroleum products crossed Nigeria.

In a statement, the institution said the archetypal measurement is to initiate the process by sending an email to [email protected] to explicit involvement successful distributorship.

Dangote Refinery stated that upon palmy contact, prospective distributors volition proceed to the registration stage, wherever they volition beryllium issued a Dangote Refinery registration PIN.

Dangote denies marketers assertion of monopoly

Earlier, Legit.ng reported that Dangote Refinery has refuted claims by depot owners that the refinery cannot conscionable Nigeria’s home substance demand

The refinery officials disclosed that the works has capable substance to conscionable home proviso needs and for exports

Depot owners had accused the Dangote Refinery of trying to monopolise the section marketplace by embarking connected petrol terms cuts

Olufemi Adewole, DAPPMAN’s enforcement secretary, disclosed that contempt the refinery’s size, it has not met the demands of the section market, saying backstage depot owners proceed to conscionable the needs of the home substance marketplace by importation.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng