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Dangote Petroleum Refinery Slashes Petrol Price to N820/ltr
Dangote Petroleum Refinery, yesterday, slashed the depot price of Premium Motor Spirit, also known as petrol to N820 per litre from N838 per litre as competition heightens in Nigeria’s domestic market.
The adjustment was also due to the drop in crude oil prices to $70 per a barrel, yesterday, from more than $77 per barrel in June 2025.
However, other operators also adjusted their depot prices at different rates in order to be competitive under the current circumstances.
According to petrolprice.com, the Dangote Petroleum Refinery made the highest adjustment while Fatgbems adjustment to N837 per litre from N838 per litre was the least.
Also, Integrated adjusted its depot price to N836 per litre from N837 per litre while Bovas adjusted to N836 per litre from N837 per litre.
AIPEC adjusted its depot price to N837 per litre from N840 per litre while First Royal adjusted to N838 per litre.