Dangote Refinery Offers Lower Petrol Prices Amid Competition

The Nigerian downstream petroleum market is experiencing increased competition as depot owners announce new petrol prices across major cities. The Dangote Petroleum Refinery is selling petrol at significantly lower ex-gantry prices compared to other depots.

According to data from the Major Energy Marketers Association of Nigeria (MEMAN) released on October 27, 2026, depot prices in Lagos range from N1,323 to N1,340 per litre, while Warri prices are between N1,340 and N1,349 per litre. In Calabar, prices are quoted between N1,335 and N1,340, and Port Harcourt prices range from N1,332 to N1,340 per litre.

These variations highlight regional differences in wholesale petrol pricing, which can affect retail prices for consumers. Additionally, the Nigerian Midstream and Downstream Petroleum Regulatory Authority is implementing stricter conditions for petroleum product imports, which may alter the competitive landscape between domestic refiners and fuel importers.