Relief trickles slowly, but Nigerians are seeing modest drops in petrol prices as independent marketers respond to Dangote Refinery’s recent ex-depot price cut. In a country where each naira saved matters, the change may offer short-term breathing space.
According to reports from Daily Post, the Independent Petroleum Marketers Association of Nigeria (IPMAN) confirmed reductions in pump prices across multiple regions. While the cuts are not yet universal, they reflect the ripple effect of local production finally entering the retail economy.
- IPMAN members cut petrol prices to N930–N940 in Northern Nigeria, including Abuja
- In Lagos, prices fell to N890 per litre, down from N925
- Eastern Nigeria sees fuel now sold between N950 and N960
- Empire Energy and Raniol stations in Abuja reflect new pricing
- MRS and NNPC stations have yet to adjust their prices
- Change follows Dangote Refinery slashing its ex-depot price to N840
- Reduction applies from Wednesday, July 2, 2025
Relief trickles slowly: Petrol still costs more than many can afford, but this signal from the supply chain suggests a potential shift in how local refineries may ease economic strain.
Sources: Daily Post, Channels TV, Vanguard
