Dangote Refinery Reduces Ex-Depot Petrol Price To ₦840 Per Litre

Dangote Petroleum Refinery has reduced the ex-depot price of petrol from ₦880 to ₦840 per litre effective on Monday, June 30, 2025.

The update was confirmed by the refinery’s spokesperson, Tony Chiejina, who stated, “PMS price has been reduced from N880 to N840 per litre effective 30th June.”

This adjustment comes just a week after the refinery had raised the price to ₦880 per litre, mainly due to a spike in global crude prices caused by tensions in the Middle East.

With the new price in place, filling stations that have direct supply deals with Dangote Refinery such as MRS Oil & Gas, Ardova Plc, and Heyden, are expected to lower their pump prices to below ₦900 per litre to reflect the new rate.

The ₦40 drop follows a decline in global oil prices after tensions between Israel and Iran began to cool down.

A ceasefire helped bring stability to the oil market, with Brent crude falling by 16 cents (0.24%), closing at $67.61 per barrel, down from nearly $80 at the peak of the crisis.

KanyiDaily recalls that Aliko Dangote recently revealed that ‘cabal’ in Nigeria’s oil and gas sector are still working behind the scenes to sabotage the progress of his refinery project in Lekki, Lagos.