Dangote Refinery Announces Further Cut In Ex-Depot Price Of Petrol To ₦820

Dangote Petroleum Refinery Company in Lekki, Lagos has announced a further cut in its ex-depot price per litre of petrol from ₦840 to ₦820.

Spokesman for the refinery, Tony Chiejina, announced the fresh cut of ₦20 marginal reduction in a statement on Tuesday 

It will be recalled that the $20 billion  refinery dropped its ex-depot petrol price from ₦880 to ₦840 on June 30, 2025, about  one week ago 

Chiejina said the new ex-depot price of ₦820 took effect from Tuesday, July 8, 2025.

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 further below ₦880 to reflect the marginal reduction in the ex-depot price of the premium commodity.

On Sunday, June 15, 2025, the Lagos-based refinery announced the free distribution of petrol and diesel to marketers, dealers, and other large users across the country.

The 650,000 barrels-per-day capacity refinery said it has procured 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers for the take-off of the initiative on August 15, 2025.

It also offered a credit facility to those purchasing a minimum of 500,000 litres — allowing them to obtain an additional 500,000 litres on credit for two weeks, under a bank guarantee.

Petrol marketers and truck owners have since criticised the expansion moves by Dangote Refinery, saying it would asphyxiate depot owners, truck operators, and retail outlets who have special deals for the direct delivery of petrol and diesel to large corporations and multinationals.