Dangote Refinery Petrol Price Reduction

Marketers backed by Dangote Refinery have reduced petrol prices to N1,264 per litre, providing relief to Nigerians facing high fuel costs. This price drop results from increased competition among the refinery's consortium members, allowing for greater pricing flexibility.

Dangote Refinery has reduced its petrol price to N1,290 per litre, making it the cheapest supplier among major depot operators in Lagos. This price drop of N18 from N1,308 per litre positions Dangote ahead of competitors like Pinnacle and Rainoil.

Petrol prices have decreased across Lagos and Calabar as marketers adjust their rates. Notable reductions include MRS lowering its price by N14 to N1,310 per litre and Pinnacle and Rainoil cutting prices by N20 to N1,300 per litre.

Depot owners in Nigeria have released new petrol prices, with Dangote Petroleum Refinery offering lower rates. Prices vary significantly across cities, raising concerns about the impact on fuel marketers and motorists amid stricter import regulations from the Nigerian Midstream a