₦airaland Forum

Dangote Petroleum Refinery has slashed the ex-depot price of Premium Motor Spirit, PMS, also known as petrol, to ₦1,075 per litre, from ₦1,125 per litre, in a move expected to trigger another round of price reductions across Nigeria’s downstream petroleum market.

The refinery also aligned its coastal loading price at ₦1,075 per litre and suspended its consortium marketing arrangement, effectively opening petrol loading at its gantry to all qualified marketers.

The suspended consortium comprised NIPCO Plc/11 Plc, MRS, TotalEnergies, Conoil, AA Rano, AYM Shafa, Rainoil/Eterna, Ardova Plc, NNPC Retail and other participating marketers.

Industry sources said the latest decision is aimed at making locally refined petrol more competitive than imported products, while broadening access to supplies for marketers nationwide.

According to the sources, opening product loading to all qualified marketers is expected to deepen competition in the downstream sector, improve product availability and enhance distribution across the country.

The latest reduction comes amid declining global crude oil prices and follows calls by the Federal Government and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, for domestic petroleum product prices to reflect prevailing international market conditions under the deregulated regime.

Stakeholders said the new pricing would increase pressure on fuel importers and private depot owners, many of whom are expected to review their prices downward to remain competitive.

They added that the development could also lead to fresh reductions in depot prices and, ultimately, lower pump prices for motorists if marketers pass the savings on to consumers.

The latest adjustment further strengthens Dangote Refinery’s growing influence on Nigeria’s downstream petroleum market, where its pricing decisions have increasingly become a benchmark for other suppliers.

https://www.vanguardngr.com/2026/07/dangote-crashes-petrol-price-to-%e2%82%a61075-litre-opens-sales-to-all-marketers/

Now's the time to reduce price, they're using nail to scratch it

Some Wicked marketers will not be happy

Any step to make PMS readily available and at an affordable rate is commendable. Dangote is a one-man squad. I don't know if BUA is building a political refinery in Akwa Ibom State.

This monopoly is not healthy for Nigeria....


#spits

N50 is something, but fuel is not supposed sell above N500 per litre.

Let's start from 950 downward , I hate anything 1000 naira abeg.

We have a long way to go to 750 ish/ 800

Let's start from 950 downward , I hate anything 1000 naira abeg..

Anything that goes up in Naija will never come down......

Dangote the Owner of Nigeria.... he determines how we suffer in this country

Oga Dangote. When crude oil was 70 dpb, you sold fuel at 870 to 890. Naira has also appreciated against the dollar. Your fuel has no business above 1000 naira.
Just watch over the next few days. You will read that importers brought in fuel at a landing rate still cheaper than what Dangote sells.

I had high hopes for Dangote but alas his greed is all too obvious to deny.

Continue controlling the market no one is stopping you sir

PheelzAlmighty:
This monopoly is not healthy for Nigeria....
#spits

. Ask FG what are they doing with all the abandoned refineries.. It could have been worse if we don't have Dangote Refinery.

Lol.. it'll decrease further before elections.

But 50naira decrease is laughable.

That's not enough. Why can't he sell for 700 naira. If FG overfeeding didn't get I to his head, will he still be monopolizing everything. Anytime they remove the food from his mouth, he will go to the media to cry like a baby 🍼.
Just to answer the richest man, he wants to make the money by all means necessary.

It Seems Like Dangote is Solely Dictating The Rise And Fall Of Petroleum Price in Nigeria

Good News!
HalleAHAYAH ASHAR AHAYAH!!!!!!!

N50 reduction is now “price crash”?!

Willie2015:
. Ask FG what are they doing with all the abandoned refineries.. It could have been worse if we don't have Dangote Refinery.

Open up fuel importation and see if price will not fall to N800. Like Allen Onyema insinuated, there is a racket going on regarding Dangote Refinery’s purchase of crude oil. Who are they buying crude from?

With due respect sir Not acceptable pls. Price ought to be down to around #900/ltr by now

Tolumiide:
Now's the time to reduce price, they're using nail to scratch it

I wonder o my brother

Anything less than 700-800 is a rip off.

Before the war, crude was $73.87 a barrel and a litre of petrol was between N770 and N800. Now, crude is $72.700 a barrel and we are getting a litre of petrol at N1,075.

It doesn't make any mathematical sense, bearing in mind that exchange rate was ₦1390 before the war and ₦1369 now

Besides, the Press should know the difference between crash and price cut. Crash is an overhyping for this kind of price reduction.

Anything above 1k for now is exploitation.

Crude oil price has crashed below $70 per barrel, why are we still buying above 1k?

they can do more, dangote can sell for 600naira and will get good ROI

Saturnalia:
Did I not say that Aliko Dangote is a corporate Armed Robber?

How? because our govt has deliberately refused to sell crude to him so their appointed marketers could continue to import petrol from their blended facility in malta? In spite of all these FG sharp practices against the masses like you, he's still doing his best to help the masses by reducing his price. Do you understand what it takes to import same crude that we already sold out in the hands of the buyer and refine same crude locally?

We have a lot of ignorant human beings in Nigeria, those who don't even know that the people in government they're defending are their worst enemies

This country will not move forward untill we collectively find a way to disentangle the soul of the country from the desperate grip of one Aliko Dangote. This man does not care about the quality of lives of the average Nigerians. His desperation for maximum gains and his monopolistic penchant within the economy of the country, will only lead to one thing for Nigerians; disaster

airsaylongcome:
N50 reduction is now “price crash”?!

.. more like a "slip" or 'slide'!
At this rate, I hope the world market price will not have made a rebound by the time local prices come down to reasonable levels.

Which nonsense crashing did he crash? How is selling fuel at 1k plus crashing??

Not good enough
We want more crashing..
We want it reversed back to 850 before lran USA war period