Dangote Refinery has executed one of its sharpest price cuts yet, reducing its ex-depot petrol price to N699 per litre as part of an aggressive strategy to outcompete the Nigerian National Petroleum Company Limited (NNPCL) and independent marketers. The new rate, down from N828 per litre, represents a significant 15.58 percent reduction, equivalent to N129 per litre.
Data from Petroleumpriceng on Friday confirms that this marks roughly the 20th price adjustment made by the refinery this year, underscoring a volatile pricing environment as operators jostle for market share. The timing is notable, coming just before the Yuletide season when fuel consumption typically rises.
This latest downward revision follows a similar trend across the market. NNPCL and several major filling stations have implemented at least two price cuts in the last three weeks, bringing pump prices in Abuja to between N915 and N937 per litre. Dangote’s move pushes the competition further, reinforcing the refinery’s effort to position itself as the preferred supply source for marketers facing high operating costs.
With the refinery already supplying a key share of Nigeria’s domestic petrol demand, the newly reduced rate is expected to ripple through the fuel distribution chain—intensifying price competition, shaping consumer expectations, and further pressuring other suppliers to respond.
