Dangote Petroleum Refinery and Petrochemicals has once more lowered the price of petrol to N835 per liter.
That is the second time this April, 2025, that Dangote might be decreasing its petrol value.
The Refinery knowledgeable its clients and markets of the most recent improvement on Wednesday, April 16, 2025.
The brand new value is inclusive of prices by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
PMS on the gantry will now promote for N835 per litre, inclusive of NMDPRA statutory levies, whereas coastal gross sales stay on maintain. The diesel gantry value is ready at $608 plus a $70 surcharge, payable both in naira at N1,650/$ or in USD.The committee acknowledged that the coverage shouldn’t be a short lived measure however a long-term technique to scale back Nigeria’s dependence on international trade for petroleum.
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It added that the initiative is a key coverage directive designed to assist sustainable native refining and strengthen power safety.
Jet gasoline might be offered at $664.75 with a $42 gantry surcharge and a $22 coastal surcharge. Costs for cooking fuel at each gantry and coastal factors are at present on maintain.
Sellers mentioned the ₦853 per litre spot import parity into tanks, which incorporates bills akin to delivery, import duties, and trade charges, marks a notable ₦3 discount from ₦856.75 per litre final Monday and ₦852.02 on Tuesday.
Importantly, the continued value drop coincides with the restart and full implementation of the Naira-for-Crude settlement with native refiners after an earlier suspension.
The Ministry of Finance disclosed this in a press release printed final week on its official X deal with, titled: “Replace on the Crude and Refined Product Gross sales in Naira Initiative.”
The assertion adopted a gathering on Tuesday between the Minister of Finance, Wale Edun, and representatives from Dangote Refinery, a significant beneficiary of the settlement to overview progress and deal with ongoing implementation points.
