Dangote Refinery Slashes Petrol Prices Again: What It Means

May 12, 2025

2 minutes read

dangote refinery reduces fuel price

The Dangote Petroleum Refinery has once again reduced the price of Premium Motor Spirit (PMS), commonly known as petrol, to N825 per litre—down from its previous rate of N835 per litre. This marks the second price cut in recent weeks, offering a glimmer of relief to Nigerian consumers amid fluctuating fuel costs.

A Series of Price Reductions

Just weeks ago, on April 11, the refinery lowered its gantry price from N865 to N835 per litre. The latest reduction of N10 per litre, announced on Monday, brings the price to N825 per litre. Industry sources attribute this adjustment to a sharp decline in global crude oil prices, now below $64 per barrel, combined with renewed collaboration between the Dangote Group and the Nigerian National Petroleum Company Limited (NNPC).

The updated pricing was officially communicated to oil marketers and customers via a notice issued on Monday, 12 May.

Why This Matters for Nigeria

As Africa’s largest oil producer, Nigeria has historically relied on imported refined petroleum products, leading to price volatility. The Dangote Refinery, a game-changer in local refining capacity, aims to shift this dynamic. These price cuts not only ease the financial strain on consumers but also highlight the refinery’s growing role in stabilizing the domestic fuel market.

Looking Ahead

With global crude oil prices trending downward, further reductions could be in store. The strengthened partnership between Dangote and NNPC may also streamline supply chains, fostering more consistent pricing. For now, consumers can enjoy this respite, though experts warn that global market shifts remain unpredictable.

Read more News:

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

Sierra Leone: Call for Sahel States’ Return to ECOWAS

Sierra Leone’s President Julius Maada Bio has reiterated his hope that Mali, Burkina Faso, and ...

British Airways

British Airways Denies Passengers Boarding Abuja-London Flight

The British Airways has reportedly prevented 58 passengers from boarding its Abuja-to-London flight earlier today, ...

Mali Foils Alleged Coup Plot, Arrests Two Generals

Mali’s military government has announced the detention of several individuals, including two high-ranking Malian generals ...

Aliko-Dangote-and-BBNaija-Start-Phyna-

BBNaija Winner Phyna’s Sister Loses Leg in Dangote Accident

Ruth Otabor, the younger sister of Big Brother Naija Season 7 winner Ijeoma “Phyna” Otabor, ...

Features

Buhari's Legacy

From the Fulani Plains to Power: The Buhari Chronicle

Muhammadu Buhari (17 December 1942 – 13 July 2025), a name etched into Nigeria’s historical ...

Flood

Texas Mourns as Flash Flood Death Toll Hits 120

Shock has turned to grief across Texas as the death toll from devastating flash floods ...

heat

Morocco Heat Wave Drives Surge in Air Conditioning Demand

Morocco is grappling with a severe heatwave this summer, with temperatures soaring well above average ...

UK

UK and US Clamp Down on Nigerian Visas:What Does It Really Mean?

The United Kingdom and United States have recently tightened visa policies for Nigerian citizens, sparking ...

Netherlands Returns 119 Looted Benin Bronzes to Nigeria

On Thursday, June 26, 2025, the Netherlands returned 119 looted artifacts, known as the Benin ...

Ngugi-wa-Thiongo

Ngũgĩ wa Thiong’o:Passed the pen to the Next Generation.

Ngũgĩ wa Thiong’o, a legendary Kenyan writer, scholar, and revolutionary voice in African literature passed ...

ECOWAS

ECOWAS Celebrates 50th Anniversary Amid Sahel States Tensions

On May 28, 1975, fifteen West African nations signed the Lagos Treaty, establishing the Economic ...

What Really Moves Bitcoin’s Price? A Comprehensive Guide to the Key Drivers of Volatility and Value

What Really Moves Bitcoin’s Price? A Comprehensive Guide to the Key Drivers of Volatility and Value

​Bitcoin, the pioneering cryptocurrency, has captivated the financial world with its innovative technology and notable ...

Latest News

Today in History

August 16th is the day in 1927 that the Dole Air Race begins from Oakland, California, to Honolulu, Hawaii, during which six out of the eight participating planes crash or disappear.

Exchange Rate Per Dollar

AM Armenian Dram383.1
GH Ghana Cedi10.65
GM Gambian Dalasi72.5
GN Guinea Franc8,677.5
NG Nigerian Naira₦1,532.72
CF CFA Franc BEAC560.4153
16 Aug · CurrencyRate · USD
CurrencyRate.Today
Check: 16 Aug 2025 12:05 UTC
Latest change: 16 Aug 2025 12:00 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?