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Dangote Refinery has reduced its ex-depot petrol price for the fourth time in one month, cutting prices by more than N200 per litreThe refinery said the latest reduction reflects lower crude procurement costs rather than daily movements in global oil pricesDangote hints that more petrol price cuts could follow as cheaper crude oil inventories gradually enter its production cycle
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.
Dangote Petroleum Refinery has slashed the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by more than N200 per litre since May 30, 2026.
The most recent is an N50 reduction announced on July 2, 2026, when the ex-depot price was reduced from N1,125 to N1,075.
Nigerians could pay less for petrol as Dangote Refinery hints at further price cuts Photo: BloombergSource: Getty Images
Ex-depot price refers to
