In a major relief for motorists and households, petrol marketers registered under the Dangote Refinery distribution network have announced a reduction in fuel pump prices across several Nigerian states.
According to the new price structure released today, petrol will now sell for:
- ₦841 per litre in Lagos, Ogun, Oyo, Osun, and Ekiti
- ₦851 per litre in Abuja, Delta, Rivers, Edo, and Kwara
This adjustment marks one of the most significant price drops in recent months, coming amid rising public concerns over the cost of living and persistent fuel price hikes.
Industry analysts say the Dangote Refinery’s direct involvement in distribution is helping stabilize supply chains and reduce dependence on middlemen, which has traditionally inflated pump prices.
Motorists across the affected states have already begun to express optimism, noting that the reduction could ease transportation costs and potentially lower prices of goods and services.
Energy experts also believe this move may spark a ripple effect across other regions, pressuring independent marketers and smaller distributors to adjust their pump rates in line with the new benchmark.
As Nigerians welcome this development, stakeholders have urged the government and regulators to ensure strict compliance with the announced prices to prevent exploitation at filling stations.
The Dangote Refinery, which commenced operations earlier this year, has been positioned as a game-changer in Nigeria’s downstream oil sector, with promises of stabilizing supply, reducing import dependence, and eventually driving prices lower nationwide.
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