In a move set to delight motorists across the country, Dangote Petroleum Refinery has slashed the gantry price of petrol by ₦25 per litre, bringing the ex-depot price down to ₦774 per litre from ₦799. The adjustment takes effect immediately, marking one of the most significant price drops in recent months.
The reduction comes as part of Dangote’s strategy to make locally refined petrol more competitive against imported fuel, which currently sells at higher rates in neighbouring markets. With the refinery ramping up domestic supply, this price cut could signal a new era of affordable, homegrown fuel in Nigeria.
Industry watchers say the move will likely put pressure on marketers and distributors to adjust pump prices, potentially easing the financial burden on Nigerian motorists. It also underscores the growing impact of domestic refining in stabilizing fuel costs in a market historically plagued by volatile prices.
Motorists have already welcomed the news online, with many expressing relief at the prospect of cheaper petrol bills in the coming weeks. Analysts, however, caution that final pump prices may vary depending on transportation costs and individual station policies.
Bottom line: With Dangote leading the charge, Nigerians may finally see some relief at the pump, proving that local refining could be the key to a more stable and affordable fuel market in the country.
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