The Dangote Petroleum Refinery and Petrochemicals has reduced the ex-depot price of petrol to ₦867 per litre, marking a ₦13 decrease from its previous rate of ₦880.
The price adjustment, which came into effect on Thursday morning, was communicated to marketers and confirmed by refinery officials.
This downward review follows a high-level meeting held earlier in the week between executives of the $20 billion refinery and the Minister of Finance, Wale Edun.
During the meeting, government officials reaffirmed the continuity of the naira-for-crude exchange initiative, emphasizing that the policy is not a short-term measure but a strategic directive aimed at bolstering local refining capacity.
Checks on the petroleumprice.ng platform also corroborated the new gantry price.
As a result, retail outlets such as MRS Oil & Gas, Ardova Plc, and Heyden, known to have special supply agreements with Dangote, are expected to adjust their pump prices downward, potentially from ₦925 to about ₦910 per litre.
The move is seen as part of a broader effort to stabilize petrol pricing amid ongoing economic reforms in Nigeria’s downstream sector.
