Dangote Petroleum and Petrochemicals has again reduced its ex-depot premium motor spirit price.
This latest price drop of N815 per litre comes after fuel landing cost dropped to N774.82 per litre.
TREND REPORTERS gathered that unlike in a previous price drop on February 26, 2025, Dangote Refinery did not officially announce the new price reduction.
The latest price reduction comes amid the ongoing price war between major players in Nigeria’s downstream oil sector.
Confirming the development, spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, stated; “It is true. There is speculation that the price of imported products is now lower. That is the reason for the price war.
“It is the beauty of deregulation. Dangote has millions of litres and would not want any external force to take its market share. So it would have forced the price reduction.”
It is, however, not clear if the latest petrol price reduction by Dangote Refinery will lead to retail price reduction across its filling stations, such as MRS, which sells for N860 per litre in Lagos and N880 in Abuja.
