NewStats: 3,263,691 , 8,181,033 topics. Date: Saturday, 07 June 2025 at 10:30 AM q1s1v

A fresh price war has erupted in Nigeria’s fuel market as retail stations owned by the Nigerian National Petroleum Company (NNPC) and independent marketers have reduced their petrol prices below those of the Dangote Refinery.

As of June 3, 2025, several filling stations across Lagos have dropped their pump prices. Al-Moruf Filling Station in the Igando area now sells petrol at ₦865 per litre, while MOJ and Eunice stations are also offering similar rates. NNPC Retail has ed the fray, adjusting its own price to ₦870 per litre all lower than the ₦875 per litre currently charged at stations supplied by the Dangote Refinery.

Depot prices have also taken a plunge. AITEO depot is now selling Motor Spirit (PMS) at ₦826 per litre, giving independent resellers a better profit margin compared to purchasing from Dangote’s supply.

Experts believe these developments reflect a significant shift in the petroleum pricing landscape. Despite Dangote Refinery's increased refining output and operational strength, it appears competitors are gaining ground by underpricing its supply.

Analysts say this trend indicates that private marketers are now taking the lead in price-setting within Nigeria’s deregulated downstream sector.

“The move shows a battle for market share,” one analyst said. “It’s a case of survival and relevance. If Dangote Refinery cannot maintain price competitiveness despite local refining advantages, it may lose dominance faster than expected.”

In response, Dangote Refinery is set to import five million barrels of West Texas Intermediate (WTI) crude oil from the United States for July deliveries.

The refinery, with a capacity of 650,000 barrels per day, has reportedly secured around 161,000 barrels daily from U.S. sources to boost production and possibly reduce prices further.

In a bid to stay competitive, some independent marketers are reportedly collaborating, tly purcha to 40,000 litres to reduce costs and avoid losses triggered by Dangote’s pricing strategy.

As more fuel enters the market, especially from international sources, experts expect retail fuel prices to fluctuate further in the coming weeks, intensifying competition across the board.

https://www.legit.ng/business-economy/money/1658224-depot-owners-slash-fuel-cost-dangote-rate-nnpc-announces-pump-price/

If not for dangote, the marketers could have claims it's not possible to sell Petrol below #1000 . Thank you dangote

Let the free for all market begins

This the kind of news I like to wake up to in the morning.

God bless Nigeria.

Dangote is giving them a sleepless night.
Let the slash continue until iI falls below N500.

Fuel price fight is getting serious, NNPC and others are selling cheaper than Dangote; big praise to Tinubu government for helping make fuel market more open and fair.

yyba:
If not for dangote, the marketers could have claims it's not possible to sell Petrol below #1000 . Thank you dangote

It has nothing to do with both dangote and the marketers but because of the regulatory framework of the government has introduced into the oil and sector to usher in free market system. Market forces are doing wonderful work here, putting everyone on their toes.

And price still never fall below #800..

These slashing by 10 10 kobo all the time is deceptive

like a competition or what?
govt owned refineries should be sold to people who can afford to be better managed

Stop playing, o ye market forces.

Independent marketers slash pump price? This is a Salah stunt.

Thank God for Dangote

.

Nigerians are very gullible people.

You have the crude, you have the refineries why on earth should you buy fuel above 500 naira?

If not for corruption and docile Nigerians and their inability to hold political leaders to ability.
See them, celebrating fuel above 800 naira.

Shame on all of you!

yyba:
If not for dangote, the marketers could have claims it's not possible to sell Petrol below #1000 . Thank you dangote

na lie, don't trust any of them, the price will never reduce from filling station

Good, force it down to #500

Slash to #500 por favor!

The more you look, the less you see

Dangote N840 loading. I will BAT when it gets to N250.

Arrangeee

It’s obvious these marketers have been getting these product for as Low is 500 liters even then they projected 1200 per liters .

What is different, I beg bring it down to 450#. IRE O.

Nigerians need more mendem that will spark price wars across every sector of trade and commerce in Nigeria. Many cabals have turned to Dracarys Dragons due to no competition. We need it back to such levels so the power returns to the people.

SoftSport:
Fuel price fight is getting serious, NNPC and others are selling cheaper than Dangote; big praise to Tinubu government for helping make fuel market more open and fair.

Lol you people are something else. What was fuel price when he took over power?

bluebay:
It’s obvious these marketers have been getting these product for as Low is 500 liters even then they projected 1200 per liters .

obviously. It's Nigerian to get something for that low and double it and still swear in God's name that they're sweating and suffering for just being in the biz. Greed promax.


Get stuff from china and when it arrives port, they triple the product cost by the entire amount spent from china to apapa. Criminals.

seunowa:

It has nothing to do with both dangote and the marketers but because of the regulatory framework of the government has introduced into the oil and sector to usher in free market system. Market forces are doing wonderful work here, putting everyone on their toes.

BMC agent spotted.

Before I open the thread I know the amount will not make sense to the masses. Please let stop using big grammers like SLASH CRASH for small deductions. All this amount can't remove the pains and transport money in Nigeria. Still waiting for when the price will fall to 400 naira. Till then.