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Nigeria: Dangote Refinery Reduces Petrol Price

  • The Dangote Refinery has lowered the ex-depot price of Premium Motor Spirit to N835 per litre, reducing it by N30 from the previous rate of N865.
  • Retail prices at filling stations are expected to drop below N940 per litre in the coming days, following the price cut.
  • The Nigerian Ports Authority approved marketers to import 117,000 metric tonnes of petrol, equivalent to nearly 157 million litres.
  • Dangote's price cuts may relieve consumer pressure amid persistent inflation and energy costs in Nigeria.
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Optimum Times broke the news in on Tuesday, April 15, 2025.
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