Dangote Refinery has once again reduced the cost of fuel, marking the second price cut in recent weeks.
The latest price adjustment comes after the landing cost of fuel dropped to N774.82 per litre, falling below Dangote Refinery’s ex-depot price of N825 per litre.
Unlike the previous price drop on February 26, 2025, this latest reduction has not been officially announced by the refinery, adding an element of surprise to the move.
The development comes as the Nigerian National Petroleum Corporation (NNPC) and Dangote Refinery, two of the largest players in Nigeria’s downstream oil sector, continue their ongoing price war.
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Chinedu Ukadike, the spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed the price reduction, stating that the drop in the price of imported fuel products is a key factor behind the ongoing price competition between Dangote Refinery and NNPC.
“It is true. There is speculation that the price of imported products is now lower.
That is the reason for the price war,” Ukadike explained. “It’s the beauty of deregulation. Dangote has millions of litres and would not want any external force to take its market share. So, it would have forced the price reduction.”
While the latest price reduction by Dangote Refinery is a significant move, it remains unclear if it will result in a reduction in retail fuel prices across the country, particularly at filling stations such as MRS, which currently sells fuel for N860 per litre in Lagos and N880 per litre in Abuja.
This price war between Dangote Refinery and NNPC is expected to continue influencing the fuel market in Nigeria as both companies strive to secure their share in the competitive sector.
