Dangote Refinery Cuts the ex-depot Petrol Price Again

For the second time in two weeks, Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), lowering it from ₦840 to ₦820 per litre.

The 650,000-barrel-per-day facility announced the new pricing via its official X (formerly Twitter) account on Tuesday, July 8, 2025, with immediate effect.

This latest cut follows an earlier reduction on July 1, when the refinery first slashed its price from ₦850 to ₦840 per litre.

In response to Dangote’s initial price drop, the Nigerian National Petroleum Company Limited (NNPC) lowered its pump price to ₦910 per litre in Abuja.

Retail prices have continued to adjust accordingly. MRS filling station, a major retail partner of Dangote Refinery, is now selling petrol at ₦905 per litre in Abuja and ₦895 per litre in Lagos.

The move is expected to influence market competition and potentially ease pressure on fuel prices nationwide.