POLITICS
Dangote refinery reportedly slashes petrol price to ₦825

The Dangote Petrochemicals Refinery has introduced a ₦10 reduction in the ex-depot price of Premium Motor Spirit (PMS), offering customers a subtle yet impactful reprieve from high petrol costs.
The adjustment brings the effective price down from the official ₦835 per litre to ₦825 per litre.
According to a report by Punch, sources close to the development confirmed on Monday that while marketers still make payments based on the ₦835 per litre rate, a ₦10 rebate is now refunded after successful loading from the refinery.
“The Dangote refinery has started giving a rebate on its products. It’s not an official reduction yet, but paid back after marketers buy products from them,” one source revealed.
Although the price drop has not been publicly announced by the refinery, the move has allowed petrol marketers sourcing from Dangote to offer slightly lower retail prices, ranging between ₦830 and ₦835 per litre.
This gives them a noticeable competitive advantage over importers and private depots, which continue to sell at comparatively higher prices.
This development follows closely on the heels of two major price cuts in April, when Dangote slashed its gantry price from ₦880 to ₦835 per litre in quick succession, a significant ₦45 reduction within a week.
Efforts to reach Dangote Group’s spokesperson, Anthony Chiejina, for official comments on the rebate scheme were unsuccessful as of press time.
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
-
POLITICS5 days ago
C-Sagas UK Chapter Meets Founder in London, Reaffirms Humanitarian Vision
-
TECH7 days ago
OpenAI CEO Sam Altman Warns ChatGPT Conversations Aren’t Legally Confidential
-
NEWS5 days ago
Ikwo Noyo Clan Releases Official Timetable for 2025 Nnesweoha Festival
-
ENTERTAINMENT4 days ago
VeryDarkMan Breaks Down in Tears as He Announces Death of Popular Fish Seller
-
NEWS5 days ago
Nigerian Youth Advocate Calls Out Facebook’s Monetisation Policies
-
CAMPUS REPORTS7 days ago
VC Inaugurates Two New Residential Flats Built by AE-FUNAI Parents’ Forum
-
CAMPUS REPORTS5 days ago
Experts Urge Responsible AI And Data Use at AE-FUNAI Law Conference
-
POLITICS4 days ago
2027 Elections: We’re the Only Viable Alternative to APC, PDP Slams ADC
-
CAMPUS REPORTS6 days ago
AE-FUNAI Hosts ACSPN, Highlights Role of Artificial Intelligence in Media and Security
-
SPORTS7 days ago
Asisat Oshoala Shuts Down Retirement Rumors After WAFCON Triumph
-
SPORTS4 days ago
Morocco Challenges Referee Call After Super Falcons’ WAFCON Triumph
-
NEWS6 days ago
David Umahi’s Daughter Kimberly Graduates With First Class