In a significant move aimed at easing the burden of rising energy costs, the Dangote Petroleum Refinery announced another reduction in the prices of petrol and diesel on Monday, February 24, 2025. The price of petrol was lowered from ₦960 to ₦890 per litre, while diesel dropped from ₦1,075 to ₦1,020 per litre.
This latest price cut is expected to bring much-needed relief to consumers and businesses grappling with high transportation and operational costs. Stakeholders in the oil industry have welcomed the development, noting that it could help alleviate financial pressures on individuals and enterprises alike.
The Dangote Refinery, which has been ramping up production, continues to solidify its position as a key player in Nigeria’s fuel market. By increasing local refining capacity and reducing reliance on imported fuel, the refinery has been able to make these price adjustments, sparking optimism among Nigerians for further reductions in the future.
Industry experts suggest that Dangote’s pricing strategy could have a ripple effect across the broader energy sector, potentially prompting other suppliers to review their rates. As the refinery strengthens its foothold in the market, consumers remain hopeful that this trend of price reductions will continue, offering a reprieve from the persistent challenges of high energy costs in the country.
