See the new prices at the independent filling stations marketers drop prices

• Retail stations owned by the NNPC and Independent marketers person crashed petrol prices beneath the Dangote Refinery rate
• Findings amusement that arsenic of June 3, 2025, Al-Moruf Filling Station successful the Igando country of Lagos present sells petrol astatine N865, and NNPC astatine N870 per litre
• Additionally, depot owners person besides reduced their prices, with AITEO present offering PMS astatine N826 per litre

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

Nigeria’s petroleum marketplace is experiencing a caller terms warfare arsenic autarkic marketers and financially backed filling stations clang prices beneath the N875 per litre sold by the Dangote Refinery spouse stations.

As of June 3, 2025,  Al-Moruf Filling Station astatine the Power Line country successful Igando successful Lagos sells petrol astatine N865 per litre, Eunice filling presumption displayed N859, and MOJ sells for N865.

Dangote Refinery faces pugnacious contention arsenic NNPC, autarkic marketers driblet prices. Credit: Bloomberg/Contributor
Source: Getty Images

NNPC and different retailers driblet PMS price

Meanwhile, NNPC Retail has besides adjusted its complaint to N870, adding to the increasing database of stations challenging Dangote’s dominance successful the petroleum retail market.

Data from Petroleumprice shows that depot owners person besides dropped their prices.

According to the report, AITEO depot present sells petrol astatine N826 per litre, offering resellers a bully borderline advantage.

Experts accidental these terms movements travel contempt Dangote Refinery’s accrued accumulation capableness and caller refining gains.

They accidental these developments amusement a displacement successful terms leadership, with backstage and autarkic operators overtaking the Dangote network.

Diesel prices besides crash

According to manufacture experts, if depots and retailers tin connection cheaper substance than the 650,000 bpd-capacity refinery, it means a batch concerning economics and semipermanent pricing strategies.

They expect much assertive pricing successful the coming weeks arsenic depot proviso ramps up and autarkic marketers summation their marketplace share.

Diesel prices are besides reportedly nether review, with depot transactions inching towards underpricing trends.

Energy experts accidental Nigeria’s deregulated downstream assemblage is present afloat exposed to marketplace forces, and contention is growing.

Marketers unite against Dangote Refinery

While Dangote’s beingness changed home refining, retailers are uncovering caller ways to vie and stay consumer-friendly.

Price rages arsenic autarkic marketers clang prices beneath Dangote's rate. Credit: Bloomberg/Contributor
Source: Getty Images

A caller study by Legit.ng disclosed that Independent marketers are banding unneurotic to minimise losses caused by the incessant terms reductions by the Dangote refinery.

The study stated that the marketers present harvester to bargain astir 40,000 litres of petrol for 2 oregon much marketers to minimise precocious vulnerability to losses.

Dangote Refinery to import 5 cardinal barrels of crude

Legit.ng earlier reported that Dangote Refinery volition proceed its crude lipid imports, with reports saying that it has already secured 5 cardinal barrels of US WTI scheduled for July this year.

The mega 650,000 bpd capableness installation is acceptable to import astir 161,000 barrels per time of West Texas Intermediate (WTI), Reuters quotes sources arsenic saying, extending its buying spree aft June supplies.

According to the report, the last totals for July are taxable to alteration if the refinery makes much purchases.

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Source: Legit.ng