Nigerian motorists are experiencing significant relief at fuel pumps as multiple filling stations across Lagos have implemented substantial price reductions following Dangote Petroleum Refinery's decision to slash ex-depot petrol prices.
Widespread Price Adjustments Across Lagos Stations
Recent market checks reveal that major fuel stations, including several Nigerian National Petroleum Company Limited (NNPCL) outlets, are now selling petrol significantly below the N900 per litre mark. This development marks a notable shift in the country's fuel pricing landscape that began in early November 2025.
Multiple stations operated by major marketers have implemented the new pricing structure. Mobil stations now sell at N880 per litre, while MRS outlets offer fuel at N885. Ardova has adjusted its pumps to N889, with Petrocam selling at N915 and Total maintaining the previous rate of N920 per litre.
Several NNPC retail outlets were observed selling between N895 and N910 per litre, representing a substantial drop from the general market price of N920 that prevailed previously. Other independent stations across Lagos are selling within the N899 to N918 range.
Dangote Refinery Triggers Market Shift
The retail price adjustments directly correspond with Dangote Petroleum Refinery's strategic decision to reduce its ex-gantry petrol price to N828 per litre, representing a N49 decrease from the previous rate of N877 per litre.
A station manager identified as Adebayo confirmed the market movement to journalists, stating: "We implemented the new price on Saturday morning to remain competitive. The adjustment trend started on Friday, and we had to respond to remain attractive to customers."
The price reduction coincides with Dangote Refinery's ambitious plan to increase output to 1.4 million barrels per day, a capacity that would surpass the world's current largest refinery in Jamnagar, India, which produces 1.36 million bpd.
Production Capacity Exceeds National Demand
Industry sources confirm that Dangote Refinery has achieved a significant milestone in Nigeria's energy independence journey. The facility announced on November 1 that its daily supply of 45 million litres of petrol and 25 million litres of diesel now exceeds Nigeria's national consumption requirements.
The company stated: "Our refinery is currently loading over 45 million litres of PMS and 25 million litres of diesel daily, which exceeds Nigeria's demand."
This production surge has already begun reshaping Nigeria's fuel import landscape. On November 6, Oando Plc confirmed it had implemented a "strategic pause" on petrol imports, citing the growing output from Dangote Refinery as a primary factor in their decision.
Meanwhile, Dangote's comprehensive distribution strategy continues to unfold. The company has invested over N720 billion to deploy 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide distribution. This landmark initiative is expected to save Nigerians over N1.7 trillion annually in fuel distribution costs.
The company has committed to absorbing over N1.07 trillion in annual fuel distribution expenses, with more than 1,000 trucks already received to kick-start their free fuel distribution scheme across multiple states.
