Breaking: Again Dangote Refinery Reduces Petrol Price

Dangote Refinery has reduced the price of petrol once again, as oil marketers and customers have begun lifting products from the facility after price adjustment.

Dangote Refinery has announced a new price for petrol, reducing the cost to ₦865 per litre. This is a ₦15 drop from the previous price of ₦880 per litre, which the refinery sold on Wednesday, April 9, 2025.

The refinery shared this new development with its customers through a notice sent out on Thursday morning, April 10, 2025. The reduction was also confirmed by petroleumprice.ng.

This price adjustment comes after the refinery suspended its crude oil exchange deal with the federal government, known as the Naira-for-Crude policy.

Oil marketers, including MRS, have already started buying petrol from the Dangote Refinery, which has the capacity to produce 650,000 barrels of crude oil per day.

Despite the suspension of the Naira-for-Crude deal, the federal government has assured that the policy will continue. This confirmation was given after the Technical Sub-Committee on the Crude and Refined Product Sales in Naira met on Tuesday to review the progress of the initiative and address some challenges facing its implementation.

The meeting was attended by top government officials, including the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who serves as the Chairman of the Implementation Committee. Also present was Zacch Adedeji, the Chairman of the Technical Sub-Committee and the Executive Chairman of the Federal Inland Revenue Service (FIRS).

Other officials who participated in the meeting include Dapo Segun, the Chief Financial Officer of NNPC Limited; the Coordinator of NNPC Refineries; management of NNPC Trading; representatives from Dangote Refinery; officials from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC); the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA); the Central Bank of Nigeria (CBN); the Nigerian Ports Authority (NPA); Afreximbank, and the Secretary of the Committee, Hauwa Ibrahim.
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