Petrol Prices Fall Below Dangote Refinery Rate As Importers Compete
Petrol importers have reduced pump prices in some parts of Nigeria, offering cheaper rates than the Dangote Petroleum Refinery.
The move has increased competition among marketers as more players adjust their prices to attract buyers.
As of Tuesday, July 29, 2025, some private filling stations in Ogun and Lagos States were selling petrol for as low as ₦847 per litre.
This is lower than the rate of ₦865 to ₦875 being offered by Dangote’s partners like MRS and Heyden.
Meanwhile, Dangote’s refinery was selling petrol at ₦820 per litre, while other depots like Aiteo and Menj offered even lower prices, around ₦815 per litre. In contrast, the Nigerian National Petroleum Company Limited (NNPCL) kept its ex-depot price at ₦825.
This pricing shift reflects a growing trend in the industry where depot owners are adjusting their rates to stay relevant in a free market.
Sources in the downstream sector noted that market liberalisation is forcing sellers to review their prices frequently to remain in business.
While some industry players are backing the competition, Dangote has continued to speak against fuel importation.
He said imported fuel is harming local refining efforts and flooding the market with products that are sometimes unsafe and below global standards.
Dangote also raised concerns that some of these products are being imported at prices lower than what oil-producing countries like Saudi Arabia offer.
He warned that this could make it harder for local refineries to survive and called on African governments to take action similar to steps taken in Europe and North America.
Despite these concerns, many marketers have insisted that open competition brings better prices for consumers.
They said that encouraging local refining alongside regulated importation can lead to stable and fair pricing, without needing to ban foreign products.
