Dangote Refinery has reduced its ex-depot petrol price by N40 per litre, prompting marketers to plan a nationwide price drop. The move signals major relief for consumers, as confirmed by the Independent Petroleum Marketers Association of Nigeria (IPMAN) to DAILY POST.
- Dangote Refinery cut its ex-depot petrol price from N880 to N840 per litre.
- This reduction of N40 per litre took effect on Monday, July 1, 2025.
- IPMAN's president confirmed the price cut to DAILY POST.
- Petrol marketers will meet on Tuesday to review prices nationwide.
- The price drop is linked to de-escalation in the Israel-Iran conflict.
- The conflict's easing has led to a downward trend in global oil prices.
- Marketers will implement the new price once they load new products.
Signals beneath the surface: Dangote Refinery’s price adjustment reflects shifting global oil dynamics, as peace efforts begin to temper market volatility. Behind each drop in the pump lies a global pulse and local consequences.
