Dangote Refinery Reaffirms N699 Petrol Price, Extends Olive Branch to Marketers

 

Dangote Refinery Reaffirms N699 Petrol Price, Extends Olive Branch to Marketers

Dangote Petroleum Refinery reconfirmed its ex-depot petrol price at N699 per litre, the 20th adjustment in 2025, slashing from N828 to compete aggressively despite global fluctuations and border smuggling.

The facility introduced a 10-day credit window for marketers, easing cash flow strains and encouraging bulk purchases to flood the market with affordable fuel amid NNPC's parallel NNPCL cuts.

Chairman Aliko Dangote's strategy aims to undercut imports 55% cheaper domestically driving pump prices toward N739 nationwide, boosting holiday relief as private depots like MRS align in the price war.

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