Petrol depots across Nigeria have adjusted their pump prices following Dangote Refinery’s decision to begin direct distribution to marketers. On Monday, September 15, the refinery reduced its ex-depot price to ₦820 per litre, sparking immediate reactions across the market.
Several depots, including Mao, Aiteo, First Royal, and Menj, responded by cutting their rates by ₦2, now selling between ₦832 and ₦834 per litre. Others such as Ardova, Tsl, and Soroman also lowered their prices, though to varying degrees.
Not all depots followed the trend. Sigmund made a modest cut of ₦1, dropping its rate to ₦864, while some increased theirs, with Wosbab raising its price by ₦9 to ₦845 and Masters adding ₦2 to reach ₦866.
Dangote’s move to sell petrol directly to customers has unsettled depot operators under the Depot and Petroleum Products Marketers Association of Nigeria, who have raised concerns about market competition.
Market analysts described the development as a game changer, noting that the swift price reductions across depots highlight the significant influence Dangote is already exerting on the downstream petroleum sector.
