PETROAN and IPMAN Predict Upcoming Fuel Price Drops

New Petrol Price: Dangote Refinery Sets N865 Rate

​The Dangote Petroleum Refinery and Petrochemicals has reduced its ex-depot petrol price to ₦865 per litre, a ₦15 decrease from the previous rate of ₦880 per litre.

This adjustment follows the reinstatement of the Federal Government’s naira-for-crude policy, allowing local refineries to purchase crude oil in naira, thereby reducing operational costs.

Filling stations with direct supply agreements, such as MRS Oil & Gas, Ardova Plc, and Heyden Petroleum, are expected to adjust their pump prices to approximately ₦910 per litre in response to this change.

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