News | Events | Digital PR | Advertising

Home News Dangote Refinery Lowers Petrol Price to ₦815 Per Litre Amid Market Competition
News

Dangote Refinery Lowers Petrol Price to ₦815 Per Litre Amid Market Competition

Share
Share

Dangote Refinery has lowered its ex-depot petrol price from ₦825 to ₦815 per litre, marking another price adjustment amid increasing competition in Nigeria’s downstream oil sector.

The reduction, announced on March 13, 2025, follows a decline in the landing cost of premium motor spirit (PMS), which has dropped to ₦774.82 per litre. This price shift comes as global oil prices fluctuate and Nigeria continues to adjust to the removal of fuel subsidies.

As a result, petrol prices in Lagos have now fallen to around ₦860 per litre, reflecting a more competitive market driven by supply and demand dynamics. Industry experts suggest that the ongoing price adjustments could lead to further reductions as refineries and marketers compete for market share.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
FeaturesNewsPolitics

Court Orders Bolsonaro To Wear Ankle Tag And Puts Him Under Curfew

A court has ordered Brazil’s former president Jair Bolsonaro to wear an...

President Tinubu
FeaturesNewsPolitics

Tinubu Appoints IBB’s Son, Others, To Head Overhauled Bank Of Agriculture And Other Institutions

President Bola Ahmed Tinubu has approved the appointment of Muhammad Babangida, the...

CrimeFeaturesNews

Landlord Masterminded Kidnap and Murder Of Two Ondo Varsity Students- Police

The Ond state Police command has arrested a landlord and two others...

FeaturesNewsPolitics

White House Says Trump Diagnosed With ‘Chronic Venous Insufficiency

White House press secretary Karoline Leavitt gave a health update on President...