NewStats: 3,262,177 , 8,176,322 topics. Date: Sunday, 01 June 2025 at 07:13 AM 6v6p1v

Dangote Petroleum Refinery has slashed the gantry price Motor Spirit, PMS, also known as petrol to ₦825 per litre from N835 per litre as competition continues in the domestic market.



Last month, the 650,000 barrels per day refinery reduced the gantry price of petrol to N835 per litre from N865 per litre.

Checks by Vanguard indicated that the latest adjustment is targeted at giving customers more value as well as consolidate its leadership position in the domestic market.

https://www.vanguardngr.com/2025/05/breaking-dangote-refinery-slashes-petrol-gantry-price-to-n825-per-litre/

Some people would criticise Dangote for dropping the price.

NNPCL with four refineries is nowhere to be found.

CodeTemplarr:
NNPCL with four refineries is nowhere to be found.

and they have managers.

Given that the price of crude oil has been averaging around $65 or less per barrel for nearly a month, I would have expected petrol price to fall significantly more than it has done.

If petrol price can't go to around N750 when crude oil price has fallen so much, that's a bad sign.

It means petrol price in this country will probably not fall to N700 for several years to come.

Amayanabo01:
and they have managers.

with 80 billion naira balance.

This is very commendable from dangote, meanwhile the bitter ones will soon invade this thread with unpatriotic comment

Let the slashing continue

treesun:


https://www.vanguardngr.com/2025/05/breaking-dangote-refinery-slashes-petrol-gantry-price-to-n825-per-litre/

Thanks Dangote

yarimo:
This is very commendable from dangote, meanwhile the bitter ones will soon invade this thread with unpatriotic comment

Dangote is a private entity. Speaking for or against it isn’t patriotism in the practical sense.

The way these propagandists misuse the words Slashes/Crashes each time ordinary #5 or #10 is removed from fuel, you will think the price has come down to #180.

slash today,hike tomorrow. Their headache

Stayingalive:

Dangote is a private entity. Speaking for or against it isn’t patriotism in the practical sense.

Busy body

You can still do better but some people will be angry

Dangote thanks

yarimo:
Busy body

una go just wake up dey type nonsense. Cherry picking thread to stupid agenda

DeLaRue:
Given that the price of crude oil has been averaging around $65 or less per barrel for nearly a month, I would have expected petrol price to fall significantly more than it has done.

If petrol price can't go to around N750 when crude oil price has fallen so much, that's a bad sign.

It means petrol price in this country will probably not fall to N700 for several years to come.

Cost of doing Business in Nigeria no be MoiMoi Ooo. Do you know how many palms needs to be oiled ?

The reason why I love this is that when Buhari sold imported petrol for 400 the 1 lit can’t do what dangote 900 is doing
The colour less petrol makes engine operation better and oil is lasting

Stayingalive:
una go just wake up dey type nonsense. Cherry picking thread to stupid agenda

ok

Lol all this 5 naira Slash no be am...


Mak una slash beta nd stop the whynin...



In all this drop driver av even refused to drop one Kobo in price of fare...

Fvck off! All the 5 10 Naira fluctuations is inconsequential. Prices of good wont change.

bassdow:
Cost of doing Business in Nigeria no be MoiMoi Ooo. Do you know how many palms needs to be oiled ?

Lol una don come with capping...


Someone who enjoy Dollar at good rate....



Alot of business in this country didn't get Dollar at the rate Dangote was getting it when he was building the refinery.....

Even we the citizens den our bank card no qualify for ordinary $50 for us to pay for something online..

So which oil dey rub hand capping una wan start again...


You can blame the present exchange rate that's still understandable buh saying running business in the country nd dey rub hand capping no go....

.

inoki247:




Lol una don come with capping...


Someone who enjoy Dollar at good rate....



Alot of business in this country didn't get Dollar at the rate Dangote was getting it when he was building the refinery.....


So which oil dey run hand capping una wan start again...

Emiefile starved the economy of dollars to make sure Dangote supply wasn't affected at federal government subsided rate
Refinery complete, Baba says he is only selling a prevailing international market rate.

No agreement was signed with him when he was using our commonwealth to build his own empire

Monopoly

DeLaRue:


Given that the price of crude oil has been averaging around $65 or less per barrel for nearly a month, I would have expected petrol price to fall significantly more than it has done.

If petrol price can't go to around N750 when crude oil price has fallen so much, that's a bad sign.

It means petrol price in this country will probably not fall to N700 for several years to come.

How much were you expecting it to drop to? ....and why? Crude price dropped and he dropped the price ... you're not contented ...he should've dropped it a lot more. How about the price of transport fares?... did they even drop?...or dropped to your expectation?

Dangote .... *monopoly " ... I'm not seeing this word following his name again.

This 'slash' word has really suffered..... For just N10....

Story!!!!!!!!!!

Before i give five stars about PMS enh,nah until I see seh the pump price don come down to at least 100 naira per litre.

Any other talk nah nonsense because the hardship too deh terrible oh.

DeLaRue:
Given that the price of crude oil has been averaging around $65 or less per barrel for nearly a month, I would have expected petrol price to fall significantly more than it has done.

If petrol price can't go to around N750 when crude oil price has fallen so much, that's a bad sign.

It means petrol price in this country will probably not fall to N700 for several years to come.

NNPC that should be competing with Dangote are deceiving themselves.
Dangote is reducing price due to import. Had it been there's no importation then we're doomed.
If heads do not roll in NNPC for ability of our non working refinery despite the huge amount of money spent. Then this government is not what we needed