Filling stations have once again started adjusting petrol prices to attract more customers amid strong competition.
Checks by Legit.ng revealed that petrol prices at Mobil, Pinnacle fuel stations have dropped to N850 per litre.
The new price attracted customers as it is N15 lower than the N865 offered by retail outlets of the Nigerian National Petroleum Company Limited (NNPC).
At Pinnacle stations around Egbeda, Lagos, petrol was priced at N855 per litre.
Fuel prices at other filling stations:
Most filling stations visited, such as De Petroleum, Ardova, Heyden, MRS, were all selling petrol at N865 per litre. Here is a snapshot of some fuel stations’ prices in Lagos on Tuesday:
NNPC: N865
MRS: N865
Ardova: N865
Mobil: N850
Matrix: N865
De Petroleum: N865
Seaman Liquid: N865
TotalEnergies: N860
Fatgbems: N865
Petrocam: N865
Pinnacle: N855
Dangote set to distribute fuel for free:
Aliko Dangote is set to launch a nationwide fuel distribution programme starting August 15, 2025 and there are expectations that it could help reduce petrol pump prices.
Africa’s richest man’s refinery will deploy 4,000 Compressed Natural Gas (CNG)-powered trucks to deliver petrol, diesel, and aviation fuel directly to end-users, cutting out intermediaries.
With free delivery and potential credit facilities, Dangote’s model represents a direct challenge to the traditional logistics-dependent structure of fuel distribution in Nigeria as it reduces reliance on third-party services.
In a statement, Dangote said:
“It is expected to revitalise previously inactive petrol stations, thereby driving job creation, stimulating small and medium-sized enterprises (SMEs), increasing government revenue, improving fuel access in rural and underserved communities, and strengthening investor confidence in Nigeria’s downstream petroleum sector”
Depot owners, already grappling with operational costs and reduced margins, now face further pressure.
Historically, depot owners have served as intermediaries between importers or refineries and retail stations, often charging significant premiums for storage and distribution.
A depot operator who spoke on condition of anonymity said: “If marketers can now source fuel directly at competitive rates and get free transportation, we’re left with little value proposition.”
For petrol marketers, the opportunity to reduce delivery expenses while gaining access to a stable supply is a welcome relief.
Dangote sends warning to petrol importers
Earlier, Legit.ng reported that Aliko Dangote has warned that the importation of inferior, environmentally damaging fuels is causing Africa to lose an estimated $90 billion a year.
He highlighted that Africa produces plenty of crude oil but imports over 120 million tonnes of refined petroleum products yearly because of limited refining capacity
Dangote also reflected on the challenges of building the Dangote Refinery, emphasising the scale of the project, including land clearing, infrastructure, and others.
COURTESY: mynigeria.com
