See the ex-depot prices by Dangote Refinery as depots battle to stay afloat

• Dangote Refinery has slashed petrol ex-depot prices again arsenic the substance warfare with importers heats fever peak
• The latest terms chopped is 2.4% and is the lowest complaint since March 14, 2025, erstwhile petrol sold astatine N815 per litre astatine the facility
• Marketers person confirmed the caller price, arsenic experts accidental it volition pb to much reductions astatine the pumps nationwide

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

In a determination that rattled depot owners precocious Tuesday, July 8, 2025, the 650,000 bpd-capacity Dangote Refinery has slashed petrol prices to N820 per litre, down from N840, which it released connected June 30, 2025.

This comes arsenic depot owners person consistently undercut the mega refinery with lower terms cuts to summation marketplace advantage.

Aliko Dangote's refinery takes the conflict to the depot proprietor with a caller terms cut.
Source: Getty Images

New terms cut: The lowest successful 4 months

The latest terms adjustment by the refinery is the lowest complaint since March 14, 2025, erstwhile petrol sold astatine N815 per litre astatine the facility.

The reduction, which has been confirmed by marketers successful Lagos and Warri, begins immediately.

The latest N20 terms driblet represents a 2.4% accommodation and is the eleventh clip the refinery has adjusted its prices this year.

The refinery has confirmed the caller terms successful a station connected X, stating that it takes effect immediately.

Petroleumpriceng stated that the determination is aimed astatine reinforcing Dangote’s terms power successful the downstream market.

Dangote battles depot owners

According to reports, Dangote has consistently led ex-depot pricing crossed Nigeria. The anterior complaint of N840 per litre already destabilised rival depots, which averaged N855 per litre. The caller terms driblet widens the borderline further.

Marketers study that the revised complaint was communicated to them connected July 7, 2025, via interior PFIs, portion loading nether the caller terms began connected Tuesday, July 8, 2025.

Many judge the chopped could origin petrol prices to driblet to N850 per litre successful Lagos and Ogun States.

Marketers number losses

Depot owners and retailers who purchased petrol astatine higher rates past week volition present look much losses.

Some retailers are holding disconnected connected caller deliveries to debar being caught disconnected guard.

The existent pricing dynamics whitethorn supply immoderate reprieve for consumers, but adhd unit to the organisation system.

The refinery has yet to corroborate immoderate rebate, but marketers are seeking clarity from depot operators.

The refinery’s pricing decisions proceed to power the Nigerian downstream sector.

As planetary lipid prices and FX rates fluctuate, its relation remains essential.

IPMAN announces caller petrol prices nationwide

Legit.ng earlier reported that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has lowered its petrol prices nationwide pursuing the caller ex-depot outgo announced by the Dangote Refinery connected June 30, 2025.

Recall that Legit.ng reported that the caller terms from Dangote Refinery has yet to bespeak astatine the pumps, with marketers saying that they are inactive dispensing aged banal purchased astatine N900 per litre.

The marketers said if they adjusted their pumps to bespeak the caller pricing offered by the mega refinery, they would incur a nonaccomplishment of N80 to N100 per litre.

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Source: Legit.ng