Dangote Petroleum Refinery has reduced its ex-depot petrol price by ₦40, bringing it down from ₦880 to ₦840 per litre.
The adjustment follows a decline in international crude oil prices, with Brent crude falling from $68.67 to $67.61 per barrel.
The new price applies to marketers lifting directly from the refinery, ahead of its full national distribution rollout starting August 15.
To support this expansion, the refinery has procured 4,000 CNG-powered tankers to deliver petrol and diesel across all 36 Nigerian states.
The direct-to-retail model is aimed at cutting logistics costs and stabilising fuel prices in the downstream market.
The company plans to supply fuel to filling stations, manufacturers, telecom firms, airlines, and other industrial users without intermediaries.
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In addition to pricing changes, the refinery has introduced a two-week credit facility for bulk buyers of at least 500,000 litres.
Qualified marketers will receive an extra 500,000 litres on credit once a verifiable bank guarantee is provided.
This initiative is designed to boost fuel access and ease financial pressure on marketers ahead of peak distribution season.
Registration and Know Your Customer documentation for interested partners started on June 16 and will end on August 15.
The refinery’s management says the move reflects a commitment to efficient fuel distribution and national energy security.
Dangote’s decision aligns with its broader goal to deepen domestic fuel supply and reduce Nigeria’s reliance on imports.
Industry stakeholders have welcomed the price cut, calling it a step toward competitive market pricing and improved consumer access.
This announcement marks one of the first major operational shifts since Dangote Refinery began fuel production earlier this year.
