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Nigeria: Again, Dangote Petroleum Refinery Slashes Petrol Price to N820/Ltr
LAGOS, NIGERIA, JUL 8 – Dangote Refinery's second petrol price cut in two weeks aims to ease fuel costs amid global crude price drops, benefiting over 42 million MSMEs, the company said.
- Dangote Petroleum Refinery announced a further cut in the ex-depot price of petrol to N820 per litre, effective July 8, 2025, in Lagos, Nigeria.
- This second price reduction within two weeks follows a previous cut from N880 to N840 per litre on July 1, influenced by a recent drop in global crude oil prices.
- Africa’s largest refinery, with a capacity of 650,000 barrels per day, intends to provide petrol and diesel at no cost to specific marketers and major consumers starting from August 15, 2025.
- Anthony Chiejina stated this move reflects Dangote’s commitment to easing consumer burden and stabilizing fuel prices amid inflation and transportation costs.
- The price cut is expected to prompt downstream operators to reduce pump prices, potentially lowering retail costs below N885 per litre and stabilizing the Nigerian fuel market.
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Latest Nigerian NewsAgain, Dangote refinery reduces petrol price
Despite the recent rise in crude oil prices, which pushed both Brent and West Texas Intermediate (WTI) crude to their highest closing levels since June 23, the Dangote Refinery has maintained its commitment to price stability. The post Again, Dangote refinery reduces petrol price appeared first on Premium Times Nigeria.
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