See the four depot owners selling petrol below Dangote's rate

• Independent depot operators person challenged the Dangote Refinery by slashing their depot prices beneath the refinery’s rate
• About 4 depot owners slashed their petrol prices to halt lawsuit migration to Dangote Refinery
• The caller terms released by the depot owners has triggered a caller pricing warfare with the 650,000 bpd-capacity refinery

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

Private depots person challenged Dangote Refinery by slashing petrol prices beneath its rate, thereby escalating the substance terms war.

As of Thursday, July 3, 2025, respective depots successful Lagos closed petrol income astatine N839 per litre, N1 beneath Dangote’s N840 ceiling, indicating a bold determination to reclaim the marketplace and undercut Dangote’s increasing power nationwide.

Depot owners present merchantability petrol beneath Dangote Refinery's rate. Credit: Pius EkpeI Utomi/Stringer
Source: Getty Images

What’s driving the caller terms war?

Legit.ng reported that the refinery conscionable onboarded astir 15 caller marketers to merchantability its products nationwide and assistance to tighten its grip connected the market.

Industry experts corroborate that the pricing strategy by backstage depot owners is not a coincidence.

They uncover that it is simply a calculated determination to undercut the mega refinery up of its planned nationwide substance organisation and logistic enactment to end-users.

Dangote is expected to unleash 4,000 CNG-powered trucks by August 15, successful a strategical determination to disrupt organisation economics and unit depot profits.

Who are the depot owners with little prices?

According to Petroleumpriceng, arsenic of July 2, astir 4 depots, including First Royal, MenJ, MAO, and Aiteo, each based successful Lagos, sold petrol astatine N839 per litre.

The depots are taking slim borderline positions to clasp onto their marketplace stock and forestall further migration to Dangote’s increasing proviso chain.

According to the report, Dangote Refinery whitethorn respond with different downward terms reappraisal by July 3, 2025.

The reappraisal is expected to upstage the depots’ N839 per litre benchmark.

A trader astatine Ibru Jetty reportedly said that depot owners person realised that Dangote is not conscionable different supplier but a large disruptor. So, they are warring with the lone disposable tool.

Diesel prices: Who cares?

Meanwhile, diesel prices person stayed comparatively unchangeable crossed depots, but the existent conflict is present petrol, the high-demand, high-volume merchandise driving lawsuit pump prices and transport costs.

Dangote’s proviso borderline is stoking aggravated competition, and the unit is accelerating.

Analysts person acknowledged Dangote’s superior merchandise handling and logistics capability. 

Dangote Refinery whitethorn respond

However, the caller terms chopped by depot owners offers contiguous alleviation connected cost, particularly for autarkic marketers operating connected a slim profit.

If Dangote crashes its ex-depot terms beneath N839 per litre successful the coming days, it could trigger a larger realignment of depot pricing plans, contempt exerting fiscal strains connected dollar-based imports and offshore sourcing.

Aliko Dangote's refinery consolidates marketplace power with further partners. Credit: Bloomberg/Contributor
Source: UGC

Analysts accidental Nigeria’s downstream assemblage has entered into a caller epoch of price-driven contention led by refinery powerfulness and logistics scale.

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