The Dangote Petroleum Refinery has once again lowered the ex-depot price of petrol, this time from ₦840 to ₦820 per litre.
The new pricing took effect yesterday, July 8, 2025, according to a statement from the refinery’s spokesperson, Tony Chiejina.
This ₦20 reduction comes just a week after the refinery slashed the price from ₦880 to ₦840 on June 30. The ex-depot price is the rate at which petrol is sold to distributors before it reaches filling stations.
As a result of the new pricing, major retailers such as MRS Oil & Gas, Ardova Plc, and Heyden—who have special supply agreements with the refinery—are expected to lower their pump prices accordingly, bringing relief to consumers.
Earlier, on June 15, the Lagos-based refinery announced the free distribution of petrol and diesel to marketers and other high-volume users nationwide.
The initiative will officially launch on August 15 with the deployment of 4,000 new Compressed Natural Gas (CNG) tankers.
Additionally, Dangote Refinery has introduced a credit scheme for bulk buyers: those purchasing at least 500,000 litres will qualify to receive an equal volume on a two-week credit basis, backed by a bank guarantee.
However, the refinery’s aggressive market expansion has drawn criticism from some petrol marketers and transport operators, who argue that its strategies could undercut depot owners and independent retailers servicing multinationals and large corporations.
Source: https://www.channelstv.com/2025/07/08/dangote-drops-ex-depot-petrol-price-to-%e2%82%a6820-per-litre/
Image Credit: Nairametrics
