Dangote Petroleum Refinery has announced another cut in petrol prices nationwide, reducing the pump price by N15 per litre. New rates now range from N875 in Lagos to N905 in the North-East and South-South regions.
This marks the second downward adjustment in weeks, as the 650,000 barrels-per-day Lekki refinery accelerates efforts to dominate Nigeria’s fuel market. The company attributed the reduction to strategic supply deals, including a naira-for-crude arrangement that has helped stabilize costs.
Lagos residents will pay N875 per litre, while prices stand at N885 in the South-West, N895 in the North-West and North-Central, and N905 in the highest-cost zones. Partner outlets such as MRS, Ardova, Heyden, and Techno Oil are implementing the new rates.
“This reflects our commitment to supporting the economy and easing pressure on consumers,” said Anthony Chiejina, Dangote Group’s branding and communications chief.
The move intensifies pressure on the Nigerian National Petroleum Company Limited (NNPC), which continues to rely on imports amid stalled efforts to revive state-owned refineries. Analysts say Dangote’s growing market footprint could reshape pricing and competition across the industry.
With full-scale operations underway, Dangote is also eyeing fuel exports to neighbouring countries, signaling a major shift in Nigeria’s energy landscape.
Leave a Reply