See why Petrol price is set to crash as Dangote's date for free distribution nears

• Dangote refinery is acceptable to deploy 4,000 Compressed Natural Gas (CNG)-powered trucks to present petrol
• Ahead of the motorboat day successful August, determination are beardown expectations that the refinery volition trim petrol prices
• Petrol terms astatine backstage filling stations and besides the Nigerian National Petroleum Company (NNPC) is acceptable betwixt N856 to N915

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

Aliko Dangote is acceptable to motorboat a nationwide substance organisation programme starting August 15, 2025, a determination acceptable to reshape the downstream sector.

Petrol terms acceptable to alteration again arsenic Dangote makes move Photo credit: Bloomberg/contributor
Source: Getty Images

Africa's richest man's refinery volition deploy 4,000 Compressed Natural Gas (CNG)-powered trucks to present petrol, diesel, and aviation substance straight to end-users, cutting retired intermediaries and aiming to slash pump prices.

Petroleumprice.ng reports that determination are expectations among industry experts of little pump prices for consumers.

A root quoted said:

“There mightiness beryllium a downward reappraisal earlier August 15 to facilitate the rollout of the 4,000-truck organisation program crossed Nigeria."

Fuel terms successful Nigeria

Already successful 2025, Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) aggregate times.

With this caller logistics strategy and the Federal Government’s naira-for-crude argumentation successful play, further terms reductions are expected.

Currently, petrol retail prices astatine backstage filling stations and the Nigerian National Petroleum Company (NNPC) range betwixt N865 to N915 per litre.

Last week, filling stations of large marketers specified arsenic Ardova and MRS Oil Nigeria, buying straight from Dangote refinery, reduced their substance prices.

MRS successful a connection shared connected X revealed that its petrol prices volition merchantability for N865 per litre successful Lagos, down from the erstwhile N885.

In the South-West region, the terms has been chopped from N895 to N875, portion consumers successful the North-East volition present wage N895 per litre alternatively of N915.

Similarly, the terms successful the North-West and Central regions has been reduced to N885 from N905, and successful the South-South and South-East, the caller terms is N895 per litre, down from N915.

Dangote Refinery acceptable to administer escaped petrol to clients with CNG trucks Photo credit: Dangote Group
Source: Facebook

Depot prices for petrol

Depot owners, who are apt to beryllium heavy impacted by the planned escaped organisation of petrol, person adjusted their ex-depot prices to stay competitory with Dangote Refinery.

Matrix Warri, A.Y.M Shafa, and Rainoil Delta are present selling petrol astatine N840 per litre. Other depots, including Wosbab, Matrix Lagos, and A.A. Rano, person acceptable prices conscionable supra N820.

Meanwhile, depots specified arsenic NIPCO Lagos, AIPEC, and Aiteo are offering petrol astatine N821 per litre.

These reductions bring depot prices successful enactment with Dangote’s benchmark, which ranges betwixt N819 and N821.

NNPC slashes cooking state prices by N120

Earlier, Legit.ng reported that the terms of cooking state astatine NNPC stations has dropped by N120.

With the caller price, Nigerians volition present wage little to refill their cooking state cylinder crossed the country.

Cooking state terms changes travel the simplification of the petrol terms aft the Dangote refinery slashes ex-depot cost.

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Source: Legit.ng