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Dangote Refinery slashed its ex-depot petrol price by N50 per litre, with the new rate taking effect from August 6, 2026Several private depots across Lagos are still selling above the refinery’s new price, though some have begun releasing lower ratesA financial analyst told Legit.ng that more depot price cuts are expected in the coming days as fresh cargo arrives at cheaper rates
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigerians could soon enjoy cheaper fuel across the country after the Dangote Refinery announced another reduction in its ex-depot petrol price, a move that has already begun reshaping pricing across private fuel depots.
The 700,000-barrels-per-day refinery reduced its gantry price for Premium Motor Spirit (PMS), popularly known as petrol, to ₦1,165 per litre from ₦1,215 per litre, representing a ₦50 per litre cut.
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