By Kingston Magare 22-5-2025
The price per litre of petrol has continued to take a tumble as the Dangote Refinery Thursday announced further reductions by N15 nationwide.
According to a post on its social media page the new price, the Dangote Refinery said the new price applies to all major fuel marketers who are its partners including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.
In the new price regime has Lagos: N875, South-West: N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905
Meanwhile Independent Oil marketers are bemoaning the price review down slide the sixth this year. This is against the back of millions of dollars fuel they have imported, and they now face losses.
“That situation has forced us to source products from those who can give us a soft landing, and then we can be able to recover and compete, because if someone knows that there are products and he is going to buy and do his business, there is no need to stay on a queue for fuel,” Petroleum Products Retail Outlets Owners Association of Nigeria president Billy Gillis-Harry said
“So this is why we came out to cry about this price fluctuation, we can’t tell what the reason is from our refining giant. It is difficult to understand, and we called on the authorities to wade into it quickly because we had foreseen a situation where there may not be any liquidity to stock or restock products. And that would bring scarcity and a hike in price.”