Dangote Refinery Cuts Petrol Price to N699 per Litre

There was a noticeable stir across the energy market on Thursday as the Dangote Petroleum Refinery confirmed a sharp reduction in the price of petrol, bringing the new ex depot rate down to N699 per litre. The announcement, which was quietly relayed through industry channels, signalled one of the refinery’s biggest price adjustments in recent months. The refinery had previously supplied petrol at about N828 per litre. The latest cut represents a significant drop, one that marketers described as a move capable of reshaping pump prices nationwide once distribution filters through. Market data platforms and several national newspapers, including The Punch and The Guardian, reported that the revised price came into effect on Wednesday night. Industry insiders said the decision followed a fresh review of supply costs and ongoing attempts to stabilise the domestic fuel market. The adjustment is expected to influence filling station pricing across the country, although final pump rates will still depend on individual marketers and transport logistics. Even so, early reactions suggest that motorists may feel the impact sooner rather than later, particularly in major cities where distribution from the refinery is quicker. The development arrives at a tense moment in the energy sector, with consumers facing rising living costs and transport operators awaiting any downward movement that could ease their daily expenses. The new pricing has already generated cautious optimism, as analysts watch closely to see how far the ripple will travel. For now, the headline figure remains that petrol from the Dangote Refinery is officially down to N699 per litre, setting the stage for a potentially significant shift in the country’s fuel pricing.

| 2025-12-13 16:14:51