Dangote Refinery Slashes Petrol Price To N840

Dangote Petroleum Refinery has diminished the ex-depot worth of petrol from N880 to N840 per litre, efficient Monday, June 30, 2025.

The announcement was made by way of an replace on the corporate’s official X (previously Twitter) account on Tuesday.

This adjustment got here a few week after the Lagos-based refinery raised the ex-depot worth to N880 per litre.

The N40 worth lower adopted a drop in international oil costs after tensions within the Center East de-escalated.

A ceasefire between Israel and Iran led to a decline in Brent crude, which fell by 16 cents (0.24%) to shut at $67.61 per barrel, down from round $80, following earlier U.S. airstrikes on Iranian nuclear websites.

In a separate vital growth, the refinery introduced on Sunday that it’s going to start the free distribution of petrol and diesel to entrepreneurs, sellers, and high-volume customers throughout the nation, beginning August 15, 2025.

As a part of this initiative, the corporate has procured 4,000 Compressed Pure Fuel (CNG)-powered tankers to facilitate nationwide supply.

In accordance with the Dangote Group, the funding totals over N720 billion, and the corporate expects to soak up greater than N1.07 trillion yearly in gasoline distribution prices.

An announcement from the refinery learn, “Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Pure Fuel (CNG)-powered vehicles for the nationwide distribution of petroleum merchandise, which is anticipated to avoid wasting Nigerians over N1.7 trillion yearly.

“This daring step will see the privately-owned refinery soak up over N1.07 trillion yearly in gasoline distribution prices. The initiative can also be poised to considerably profit over 42 million Micro, Small and Medium Enterprises (MSMEs) by decreasing power prices and enhancing profitability.

“The initiative, which eliminates transportation prices for gasoline entrepreneurs and large-scale customers, is anticipated to assist cut back pump costs and inflation. From 15 August, Dangote will start the direct supply of petrol and diesel to filling stations, industrial services, and different high-volume customers.”