In a bid to regain market dominance, Dangote Petroleum Refinery has reduced its petrol loading cost from N825 per litre to N815 per litre, marking the third price cut in 2025. This strategic move aims to intensify competition in the downstream oil sector, putting pressure on private depot owners to lower their prices.¹

Key Details

• New Price: N815 per litre, a N10 reduction from the previous price
• Frequency: Third price reduction in 2025, demonstrating Dangote Refinery’s efforts to adjust prices according to market dynamics
• Industry Impact: Increased competition in the downstream oil sector, with private depot owners likely to adjust their prices downward

Market Reaction

The price reduction has triggered swift reactions from private depot owners, with some adjusting their prices downward to remain competitive. notable examples include:

• Bovas Depot: Now selling at N826 per litre, down from N830
• AITEO: Reduced its price to N827 per litre from N832
• Integrated Depot: Selling at N826 per litre
• RAINOIL: Adjusted its price to N831 per litre

Industry Analysis

Industry analysts predict that this latest reduction will put further pressure on private depot owners, potentially leading to a decrease in pump prices. The landing cost of imported petrol has risen to N803.35 per litre, still lower than Dangote Refinery’s ex-depot price.

Dangote Refinery’s price cut is a strategic move to maintain market share and drive competition in the downstream oil sector. As the industry continues to evolve, consumers may benefit from lower pump prices, providing relief in an economy grappling with high inflation and living costs.