In a move set to ease the burden on Nigerian consumers, Dangote Refinery has announced a reduction in its ex-depot petrol price from ₦880 to ₦865 per litre, effective April 10, 2025. The ₦15 cut, though modest, signals a strategic push to lower fuel costs amid rising public concern over energy affordability.
The reduction is expected to influence pump prices at major filling stations affiliated with the refinery—including MRS Oil & Gas, Ardova Plc, Heyden, and Optima Energy—which are projected to adjust retail prices to around ₦910 per litre.
This development follows a high-level meeting between Dangote Refinery executives and Nigeria’s Finance Minister, Wale Edun, focused on advancing the Naira-for-Crude initiative. The government-backed scheme aims to boost local refining capacity, reduce reliance on imports, and stabilize the nation’s volatile fuel market.
Industry experts say the price cut may serve as a market signal to other players, potentially triggering further price competition or pressure on regulatory bodies to revisit subsidy policies. Meanwhile, the Dangote Refinery—Africa’s largest—continues to position itself as a game changer in Nigeria’s downstream oil sector.
As economic pressures persist, consumers and analysts alike will be watching closely to see whether this move marks the beginning of a broader trend toward affordable fuel pricing in Nigeria.
