The Dangote Petroleum Refinery has announced a reduction in its petrol loading cost from ₦825 to ₦815 per litre, further intensifying competition within Nigeria’s downstream oil sector. This latest price adjustment follows a series of similar reductions as the refinery seeks to expand its market share.
The 650,000 barrels-per-day capacity refinery, which began domestic fuel supply earlier this year, has significantly impacted pricing trends across the industry. Analysts suggest that Dangote’s competitive pricing strategy is compelling private depot owners to review their own pricing structures to maintain relevance in the evolving market.
The price reduction comes amid a decline in the landing cost of imported petrol, which has dropped from ₦774.82 per litre to ₦803.35 per litre. Industry experts attribute this to decreasing global crude oil prices and the removal of government fuel subsidies, which have led to a more competitive market environment.
While it remains uncertain how this price cut will affect retail fuel prices at filling stations nationwide, stakeholders anticipate further adjustments as market forces continue to shape Nigeria’s post-subsidy petroleum landscape. The ongoing price competition highlights the shifting dynamics in the country’s energy sector as local refining capacity grows.
