Dangote Refinery Cuts Petrol Price to N1,290 in Lagos
Dangote Refinery has announced a reduction in its petrol price to N1,290 per litre, effective as of October 29, 2026. This marks a decrease of N18 from the previous price of N1,308 per litre, making Dangote the most affordable petrol supplier among major depot operators in Lagos.
Pinnacle and Rainoil follow closely, selling petrol at N1,300 per litre. Other competitors include MRS and NIPCO, which are pricing petrol at N1,310 per litre, while African Terminal has set its price at N1,307.
The adjustments in depot prices reflect the rates at which suppliers sell petrol to marketers, which may differ from the prices at filling stations due to additional costs. The competitive landscape in Nigeria's downstream petroleum market is intensifying, with several suppliers adjusting their prices, including Bulk Strategic and Masters, which have reduced their petrol prices to N1,325 per litre.
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