The Dangote Refinery has again slashed the ex-depot price of refined petrol to N835 per litre.
The new price represents a N30 reduction from N865 per litre implemented six days ago, marking a 3.5 per cent decrease, and a N45 reduction from the N880 per litre it sold the product for, one week ago.
This price cut marks Dangote’s third downward reduction in about six weeks.
In a notice sent out to its customers on Wednesday, it stated that the new price is inclusive of charges by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The document detailing the revised price structure shows that PMS at the gantry will now sell for N835 per litre, inclusive of NMDPRA statutory levies, while coastal sales remain on hold
It also set the diesel gantry price at $608 plus a $70 surcharge, payable either in naira at N1,650/$ or in USD. Coastal sales are also on hold.
Jet fuel will be sold at $664.75 with a $42 gantry surcharge and a $22 coastal surcharge.
The notice indicated that prices for cooking gas at both gantry and coastal points are currently on hold.
Meanwhile, the landing cost of imported petrol dropped to N853 per litre on Tuesday.
This is just as marketers got approval to import 117,000 metric tonnes, the equivalent to 156.897 million litres of petrol within eight days, from 8 to 16 April 2025, to boost fuel supply nationwide.
Documents from the Nigerian Ports Authority (NPA) and the Major Energies Marketers Association of Nigeria (MEMAN) revealed that the price of imported petrol had dropped.
Dealers said the N853 per litre spot import parity into tanks, which includes expenses such as shipping, import duties, and exchange rates, mark a notable N3 reduction from N856.75 per litre on Monday and N852.02 on Tuesday.
The document also showed that on-the-spot sales at the NPSC-NOJ terminal dropped to N853.12 per litre, while the 30-day average cost also declined to N844.84 per litre.
Within the period, marketers brought in six vessels conveying 117,000 metric tonnes through Tin Can Port in Lagos and Calabar Port in Cross River State.
