Dangote Petroleum Refinery has announced a major cut in its ex-depot petrol price, dropping from ₦828 to ₦699 per litre in what is described as one of its most significant downward reviews this year. The refinery is also rolling out a 10‑day credit window for marketers who lift a minimum of 500,000 litres backed by bank guarantees.
The company says the adjustment reflects improved supply conditions and its commitment to easing the burden on Nigerians grappling with high pump prices after subsidy removal. Industry players say any reduction at the gantry should, in principle, translate to cheaper fuel at filling stations if middlemen do not hoard the gains.
Economic analysts, however, caution that exchange-rate volatility and distribution margins could still limit how much relief consumers feel at the pump. They also note that Dangote’s growing dominance in local refining makes its pricing decisions a key variable in Nigeria’s inflation outlook.
Source: The Nation – “Dangote refinery slashes ex-depot petrol price from ₦828/litre to ₦699/litre”.
