Business News of Friday, 12 September 2025

Source: www.legit.ng

Good News: Dangote Refinery slashes petrol prices by ₦39

The photo used to illustrate the story The photo used to illustrate the story

The Dangote Petroleum Refinery has announced a reduction in its gantry petrol price to ₦820 per litre.

The new rate, which takes effect on Monday, September 15, 2025, represents a ₦15 drop from the current price of ₦840 per litre.

Also, Dangote Group, in a statement announcing the direct supply of petrol programme, revealed that the retail pump price will vary across states.

It noted that Lagos, Ogun, Oyo, Ondo, Osun, and Ekiti are expected to retail petrol at ₦841 per litre, a significant drop of ₦24 from the current rate of ₦865.

Meanwhile, Abuja, Delta, Rivers, Edo, and Kwara will sell at ₦851 per litre, representing a reduction of between ₦39 and ₦59 from the current range of ₦890 to ₦910.

Here is a snapshot of the prices

Lagos: ₦841

Ogun: ₦841

Oyo: ₦841

Ondo: ₦841

Osun: ₦841

Ekiti: ₦841

Abuja: ₦851

Delta: ₦851

Rivers: ₦851

Edo: ₦851

Kwara: ₦851

Dangote refinery distibution plan is also set to kick off on Monday, September 15, on month after it was first announced.

The refinery stated that the initiative comes with the added benefit of free delivery to registered petrol station owners nationwide.

Initially, the direct supply will cover selected states, with operations to be expanded to other parts of the country in subsequent phases Dangote said; “All petrol station owners nationwide are invited to register for free delivery and other benefits."

The statement also urged interested marketers to contact the refinery through its official sales channels.

The refinery also provided dedicated enquiry lines and an email address to facilitate registration and communication with marketers.

This development comes hours after the National Union of Petroleum and Natural Gas Workers (NUPENG) again placed its members on “red alert” following the Dangote Group’s decision to renege on an earlier agreement brokered by the federal government on Tuesday.

In a statement signed by President William Akporeha and General Secretary Afolabi Olawale, the union said it was placing all members on “red alert” for the possible resumption of the suspended nationwide industrial action.

The union alleged that Dangote Refinery was preventing its CNG truck drivers from registering, a claim the company rejected. Dangote insisted that joining the union is voluntary, not compulsory.