Nigeria's Daily Petrol Imports Plummet 67% to 14.7 Million Litres; Dangote Refinery Price Cuts to N835

6 posts • GPT (4o mini)

Published Apr 16, 2025, 03:10 PM

Nigeria's daily imports of Premium Motor Spirit (petrol) have decreased dramatically from 44.6 million litres in August 2024 to 14.7 million litres by April 13, 2025, marking a reduction of approximately 30 million litres or 67%. This decline is attributed to increased local production, as confirmed by various sources. Amidst a price war in the downstream oil sector, the landing cost for imported petrol has fallen to N853 per litre. Additionally, the Dangote refinery has reduced its ex-depot price for petrol to N835 per litre after implementing a N15 reduction in loading costs. Retail diesel prices are also adjusting, following a significant drop in futures prices, with the benchmark for fuel surcharges experiencing one of the largest declines this year.

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#Nigeria #Premium Motor Spirit #Dangote

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Sources

punchng.com(3)saharareporters.com thisdaylive.com dailytrust.com

Sahara Reporters

@SaharaReporters

Dangote Refinery Slashes Petrol Wholesale Price To N835 Per Litre | Sahara Reporters https://t.co/HTd4XaVbrk https://t.co/yeB5IEK8W6

Punch Newspapers

@MobilePunch

Fresh from implementing a N15 price reduction in its loading cost for Premium Motor Spirit, also known as petrol, the Dangote refinery has again slashed its refined products prices to make them cheaper, cutting its ex-depot rate to N835 per litre. https://t.co/hTYRayR6xG

Minority Report

@MichaelMcGaughy

If true, this means a huge savings of Fx for #Nigeria "Nigeria has significantly reduced its importation of (petrol/oil), cutting daily volumes from 44.6 million litres in August 2024 to 14.7 million litres as at April 13, 2025." Nigeria https://t.co/WpV2dhEFBP.

Story Timeline

12 days ago•Latest version

Nigeria Cuts Petrol Imports from 44.6m to 14.7m Litres; Dangote Lowers Prices to N835/Litre; China Cuts Fuel Prices April 18

13 days ago•Original version

Nigeria's Daily Petrol Imports Plummet 67% to 14.7 Million Litres; Dangote Refinery Price Cuts to N835

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Nigeria's Daily Petrol Imports Plummet 67% to 14.7 Million Litres; Dangote Refinery Price Cuts to N835

Related Prediction Markets

Price of dozen eggs in April?

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Story Timeline

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