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 cheaper than Dangote fuel
Petrol landing costs wete reportedly dropped to N744.72 per litre, with marketers predicting a further price crash of N800 per litre.
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.
