The refinery now sells petrol at N828 per litre, down from N877, representing a 5.6 per cent decrease, even as the market continues to experience price fluctuations driven by global oil trends.
This is the second major adjustment in three months by Dangote Refinery who has been responding to market realities and making serious effort to stabilise domestic supply.
One of the oil marketers confirmed the price reduction which took effect on Friday
Similarly, Depot operators in Lagos confirmed that loading at the new price commenced early Friday, with expectations of a corresponding drop at retail outlets in the coming days,”the Petroleumprice.ng, stated
The recently strengthened crude supply arrangement between Dangote Refinery and NNPC Limited under the naira-for-crude framework also contributed to the price reduction, according to findings
The checks showed that NNPC Ltd will supply the 650,000-barrels-per-day refinery with five December-loading crude shipments, including Amenam, Bonny Light, Forcados, and Qua Iboe.
“The price adjustment is expected to bring some relief to fuel marketers and consumers nationwide, following weeks of elevated pump prices.
Meanwhile, the price remains below import parity, according to the report by S&P Global Commodity Insights presented at the Major Energy Marketers Association of Nigeria (MEMAN) conference in Lagos on Thursday.
According to the report, Dangote’s gantry price stood at ₦877 per litre as of October 17, 2025, placing it below the average “into-tank” cost of imported fuel in Lagos and the ship-to-ship (STS) value at Lome, Togo.
It noted that the pricing gap underscores Dangote’s cost advantage in the domestic market, even as international crude prices fluctuate amid sanctions on Russian oil producers and weak global demand.
The report also indicates that the nation’s fuel imports have fallen below 200,000 barrels per day, from approximately 500,000 b/d in early 2023.
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