On Thursday, March 13, 2025, the Dangote Refinery escalated the petrol price war by quietly lowering the PMS price at its loading gantry. The giant refinery crashed petrol prices from N825 per litre to N815.

Dangote Refinery crashes petrol price by N10

The development came as the plant introduced a new pricing structure on Thursday, March 13, 2025.

According to reports, marketers expressed optimism at the new price as they have begun to boycott private depots and start sourcing products directly from the Dangote Refinery.

The N10 reduction is also expected to cause private depot owners to adjust their prices to maintain market balance.

Imported petrol prices are cheaper than Dangote fuel

A previous report by Legit.ng disclosed that petrol landing costs dropped to N744.72 per litre, with marketers predicting a further price crash of N800 per litre.

Punch reports that the new landing cost is N50.28 less than the former rate of N825 per litre, which Dangote Refinery sells its products.

The new petrol landing cost ignited another price war between Dangote Refinery and oil marketers as importers reportedly moved to dump the refinery for imported products.

The national publicity secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, said crude oil price is a key determinant of petrol pricing.

Marketers predict new petrol prices

He revealed the possibility of petrol dropping to N800 per litre.

Experts said the latest price crash by Dangote Refinery is another attempt to control the market.

According to them, the latest price reduction by the refinery will increase the cost to N825 per litre when added to the N10 levy charged by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Following the price reduction, private depot owners have also crashed their loading prices to N825 per litre from N830.

Marketers lower depot prices

Findings showed that private depots have implemented a price change to match Dangote Refinery's price.

Marketers such as AA Rano adjusted their loading price to N830 per litre, MENJ depot also crashed petrol prices to N830, BOVAS reduced its price to N826, while WOSBAB sells its petrol at N831.

Others are AITEO at N827 from N832, and RAINOIL also crashed its petrol to N831 per litre.