HomeBusinessFind out more as Dangote reduces petrol price by N50, marketers yet...

Find out more as Dangote reduces petrol price by N50, marketers yet to follow

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Dangote Refinery cut its ex-depot petrol price from N1,215 to N1,165 per litre, effective August 6, 2026Most filling stations in Lagos continued to sell petrol at between N1,240 and N1,260 per litre after the reductionMotorists have called on the NMDPRA and FCCPC to step in and compel fuel marketers to lower pump prices

Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Fuel marketers across Lagos have yet to pass on the N50 per litre reduction announced by Dangote Petroleum Refinery and Petrochemicals, leaving motorists to continue paying the same pump prices that existed before the cut took effect.

The Dangote Refinery lowered its ex-depot price for Premium Motor Spirit from N1,215 to N1,165 per litre, with the new pricing taking effect on Thursday, August 6, 2026.

Lagos motorists continue to buy petrol at between N1,240 and N1,260 per litre despite the new lower Dangote refinery gate price.Motorists have urged regulators to intervene as filling stations retain
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