Nigeria’s Dangote Refinery has reduced its premium motor spirit ex-depot price to N840 from N880 per litre.
In response, fuel marketers across Nigeria are planning an emergency meeting to lower their pump prices starting Tuesday.
The President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this to DAILY POST during an exclusive interview on Monday.
Marketers will drop petrol price nationwide Tuesday – IPMAN
Maigandi said petroleum marketers will be having an emergency meeting on Tuesday to decide on a new petrol price nationwide.
“We will be meeting on Tuesday to review our PMS prices following the latest petrol reduction announced by Dangote. Certainly the petrol price would come down from tomorrow,” he SAID
This price adjustment comes just over a week after Dangote Refinery raised its prices on June 20, 2025, due to a spike in global oil prices linked to the ongoing conflict between Israel and Iran in the Middle East.
IT reports that as of Monday afternoon, petroleum product marketers and filling station owners in Lagos and Abuja dispensed fuel between N875 and N970 per litre, depending on the outlets.
Stations like MRS, NNPC (a Dangote partner), AA Rano, Shafa, Mobil, Eterna, and AP Ardova were selling at about N945 per litre. Others, including Ranoil and Empire, were selling between N950 and N970 per litre
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