BUSINESS

DANGOTE REFINERY CUTS FUEL PRICE, TO BEGIN DIRECT PETROL DISTRIBUTION SEPT 15
The Dangote Refinery has announced a fresh reduction in the pump price of petrol across the country, while also confirming September 15, 2025, as the new date to launch its direct petrol distribution scheme.
The $20 billion refinery, which has a capacity of 650,000 barrels per day, said it will begin supplying petrol and diesel directly to consumers using its 4,000 compressed natural gas (CNG) trucks—at no logistics cost.
According to a new price template shared by the Dangote Group on Friday, the refinery’s gantry price remains at N820 per litre. However, retail pump prices have been adjusted downward across several states.
In Lagos, Oyo, Ogun, Ondo, and Ekiti, the new pump price is N841 per litre, down from N860.
In Abuja, Edo, Delta, Rivers, and Kwara, the retail price has dropped to N851 per litre, compared to the previous N885.
This means residents of Lagos and the South-West will save about N19 per litre, while Abuja, North Central, and South-South residents will benefit from a N34 reduction.
The direct distribution scheme, set to commence on Monday, is expected to ease the high cost of petrol and reduce dependence on third-party logistics providers.
Meanwhile, the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has warned of a possible strike, accusing the Dangote Group of going back on recent agreements. The refinery, however, insists it respects workers’ rights and union membership.
The company also clarified that its price template is not binding on all petroleum marketers, except for MRS and other official distribution partners.
With this latest adjustment, Nigerians are keenly watching how the direct-to-consumer model will affect fuel availability and affordability nationwide.
"This represents a significant development in our ongoing coverage of current events."— Editorial Board