By Salihu Mohammed
Dangote Petroleum Refinery and Petrochemicals has reduced its ex-depot (gantry) price of petrol to ₦867 per litre, marking a ₦13 cut from the previous rate of ₦880.
Sources confirmed on Thursday that the $20 billion refinery notified its marketers and customers of the price adjustment.
An official from the refinery also confirmed the development to Channels Television.
Verification from petroleumprice.ng corroborated the price slash, reflecting the refinery’s latest move to ease costs for downstream operators.
Following this reduction, filling stations such as MRS Oil & Gas, Ardova Plc, Heyden, and others with exclusive supply arrangements with Dangote Refinery are expected to lower their pump prices to approximately ₦910 per litre, down from around ₦925, in line with the new ex-depot rate.
The price adjustment comes in the wake of a strategic meeting held on Tuesday between representatives of Dangote Refinery and the Minister of Finance, Wale Edun.
After the meeting, the government reaffirmed its commitment to the naira-for-crude policy, stressing that the initiative remains a cornerstone for sustainable local refining, not a temporary measure.
This stance overrides the earlier decision by the Nigerian National Petroleum Company Limited (NNPCL), under its former Group CEO Mele Kyari, which had sought to suspend the policy.
Stay tuned for further updates as the downstream market responds to this latest development.
