Dangote Petroleum Refinery has once again slashed the ex-depot price of petrol, dropping it from ₦840 to ₦820 per litre.
The refinery’s spokesperson, Tony Chiejina, confirmed the ₦20 reduction on Tuesday, noting that the new rate took effect from July 8, 2025. This comes just a week after the refinery reduced the price from ₦880 to ₦840 on June 30.
Filling stations such as MRS Oil & Gas, Ardova Plc, Heyden, and others with special supply agreements with the Dangote Refinery are expected to lower their pump prices accordingly, now potentially dipping below ₦880 per litre.
On June 15, the Lagos-based refinery announced the free distribution of petrol and diesel to marketers, dealers, and large users nationwide. In preparation for this, the refinery has acquired 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers, with full operations set to begin on August 15, 2025.
Additionally, the refinery is offering a credit facility to bulk buyers.
Those purchasing 500,000 litres are eligible to receive an additional 500,000 litres on credit for two weeks, backed by a bank guarantee.
However, Dangote Refinery’s expansion has drawn criticism from petrol marketers and truck owners. They argue that the refinery’s direct supply strategy to large corporations and multinationals threatens to sideline depot owners, independent truckers, and retail outlets with existing supply contracts.