By Muhammad Mamman
The Dangote Refinery has announced a reduction in the ex-depot price of petrol to ₦828 per litre, down from ₦877 — a 5.6 per cent decrease — in a move expected to ease pressure on fuel marketers and consumers across Nigeria.
Industry sources confirmed that the Nigerian National Petroleum Company Limited (NNPC Ltd) will supply the 650,000-barrel-per-day refinery with five crude shipments scheduled to load in December. The consignments will include Amenam, Bonny Light, CJ Blend, Forcados, and Qua Iboe grades.
Depot operators in Lagos confirmed that loading commenced at the new price early on Friday, sparking expectations of a corresponding drop in pump prices at retail outlets nationwide in the coming days.
Analysts say the adjustment reflects improved domestic crude supply arrangements and may signal further market stability after weeks of fluctuating petrol costs.
The Dangote Refinery, Africa’s largest, continues to position itself as a major player in Nigeria’s downstream sector, with stakeholders optimistic that the latest price cut will provide much-needed relief to households and businesses grappling with high energy expenses.
