The Dangote Refinery has reduced its ex-depot price for Premium Motor Spirit (petrol) to ₦835 per litre, a third price cut in less than six weeks.
This new rate, down from N865 per litre just six days ago, represents a ₦30 drop and reflects a 3.5% decrease from the previous price. It is also ₦45 lower than the ₦880 per litre price sold by the facility last Wednesday.
A notice sent to customers on Wednesday confirmed the change, which includes charges by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
The latest reduction comes amid reports that petrol landing costs from imports also declined to ₦853 per litre on Tuesday.
Meanwhile, marketers have obtained approval to import 156.9 million litres of petrol between April 8 and 16, 2025.
The Dangote refinery’s consistent downward price adjustment is seen as a move to stabilize domestic fuel supply and offer relief to consumers
