Ɗangote Petroleum Refinery has reduced the ex-depot price per litre of petrol from ₦880 to ₦840.
The downward review of the price of the premium commodity was confirmed in an update provided on Monday by the spokesman for the refinery, Tony Chiejina.
Chiejina said the new ex-depot price took effect on Monday, June 30, 2025, about a week after the Lagos-based refinery jacked up the ex-depot price per litre of petrol to ₦880.
Filling stations like MRS Oil & Gas, Ardova Plc, Heyden, and others with special agreements with the Ɗangote Refinery are expected to reduce their pump price to below ₦900 to reflect the marginal reduction in the ex-depot price of the premium commodity.
The ₦40 reduction followed a drop in oil prices on Monday as the two-week Middle East conflict between Israel and Iran eased.
