The company announced the reduction on its official X handle (formerly Twitter) on Tuesday.
The new ex-depot price according to the company, takes effect on Monday, June 30, 2025, about a week after the Lagos-based refinery jacked up the ex-depot price per litre of petrol to N880.
Filling stations like MRS Oil & Gas, Ardova Plc, Heyden, and others with special agreements with the Dangote Refinery are expected to reduce their pump price to below N900 to reflect the marginal reduction in the ex-depot price of the premium commodity.
The N40 reduction followed a decline in the crude oil prices on Monday, after the two-week Middle East conflict between Israel and Iran eased following an earlier ceasefire.
The Dangote Group had earlier on Sunday, June 30, 2025 made this known in a statement during which it provided an update on the refinery’s investment in 4,000 Compressed Natural Gas (CNG) powered trucks for the scheme.
Dangote refinery, in its statement, pointed out that the energy firm will absorb over N1.07 trillion annually in fuel distribution costs.
The statement reads, ‘’Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually.
‘’This bold step will see the privately-owned refinery absorb over N1.07 trillion annually in fuel distribution costs. The initiative is also poised to significantly benefit over 42 million Micro, Small and Medium Enterprises (MSMEs) by reducing energy costs and enhancing profitability. They are in the state
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