Dangote Refinery cuts petrol ex-depot price to N820 per litre in fresh adjustment
According to a statement issued by the business on Tuesday through its official X (formerly Twitter) profile, the new cost is effective immediately. The refinery in Lagos has lowered prices twice in as many days, indicating a calculated attempt to lower fuel costs and stabilize pricing on the downstream market.
In nine days, the second price cut after a temporary increase that had driven the price to N880 in late June, Dangote Refinery lowered the ex-depot price of gasoline from N880 to N840 per liter on July 1.
The most recent cut lowers the price to N60 per liter over a two-week period. The rate at which gasoline is sold to marketers at the refinery gate is known as the ex-depot price, and it has a direct impact on the pump price that customers pay at gas stations.
According to the firm, “the new ex-depot price of N820 per litre takes effect immediately.” Effect on Retail Prices.
Dangote has direct supply arrangements with major downstream operators like Heyden Petroleum, Ardova Plc, and MRS Oil & Gas to reduce their prices immediately.
Retail prices may drop below N885 per litre as a result of the most recent cut, according to industry analysts. Given the high cost of transportation and ongoing inflationary pressures, the change is anticipated to offer some respite to consumers.
Initiative for CNG-Powered Distribution
In a parallel move, Dangote Refinery recently declared its intention to provide free distribution of gasoline and diesel to a limited number of dealers, marketers, and major consumers nationwide. On August 15, 2025, the initiative is expected to get underway.
In support of the rollout, the refinery has acquired 4,000 new tankers that run on compressed natural gas (CNG), demonstrating its commitment to cleaner energy logistics and effective distribution nationwide.
