This is a calculated attempt to combat growing fuel costs and increase market competition.
Anthony Chiejina, the Dangote Group’s Chief Corporate Communications Officer, made the announcement on Monday, following a drop in global oil prices, with Brent crude down 1.54% from June 23 to $67.61.
“This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing energy efficiency, promoting sustainability, and supporting Nigeria’s economic development,” the company issued.
This price reduction also comes ahead of Dangote Refinery’s ambitious statewide distribution launch scheduled for August 15.
On that day, the refinery intends to deploy a fleet of 4,000 Compressed Natural Gas (CNG) tanker trucks to transport gasoline directly from its refinery to retailers, manufacturers, telecom operators, and airports around Nigeria.
Over 100 new CNG refuelling points will be introduced as part of the deployment, with the goal of reducing logistics bottlenecks and increasing fuel accessibility.
The adjusted price represented a N15 decrease from the original N880 per litre.
Dangote and NNPC pricing
Days prior to the latest price cuts, as reported by The Guardian, the Nigerian National Petroleum Company (NNPC) Limited increased the price of gasoline at some of its retail outlets in Lagos to ₦925 per liter.
Only two days before, the NNPC had raised prices from ₦915.
This is a stark contrast from trends noticed earlier in the year when Dangote NNPC engaged in a pricing war.
Both parties went back and forth in cutting down prices, so as to remain competitive.
The head to head lasted up until the expiration of the first iteration of the Naira-for-crude deal, which ran from October 2024 to March 2025.
