In a significant development in Nigeria’s energy sector, Dangote Petroleum Refinery has announced a new ex-depot price of 838 naira per litre for Premium Motor Spirit commonly known as petrol. This adjustment effective from October 9 2025 follows a similar move by the Nigerian National Petroleum Corporation and other private depots and marks a noticeable shift in the country’s fuel pricing landscape .
NNPC’s Price Adjustment
The recent increase in petrol prices by NNPC has been linked to the end of the fuel subsidy program and rising global crude oil costs. This policy change has caused pump prices to rise across the country affecting both public and private sector pricing strategies. It reflects a broader attempt to adjust the energy market to current economic realities .
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Dangote Refinery’s Response
In response to the new pricing by NNPC, Dangote Refinery has set its ex-depot price at 838 naira per litre. The move is in line with market trends and demonstrates the refinery’s effort to maintain competitive pricing while ensuring sustainable operations . It also signals the readiness of private players to adapt to government-led policy shifts .
Impact on Fuel Prices Nationwide
The coordination of pricing strategies between NNPC and Dangote Refinery is expected to create more stability in fuel prices nationwide. However the removal of the subsidy has inevitably increased costs for consumers leading to discussions about the long-term effects on Nigeria’s economy and energy sector. Many are watching closely to see how this will influence household spending and business operations .
Consumer Reactions and Market Outlook
Reactions from consumers have been mixed. Some understand the necessity of removing subsidies to make the sector more efficient while others worry about the immediate effect on their daily expenses. Analysts suggest that government focus should now be on measures to ease the burden of rising fuel costs for ordinary citizens .
Future Prospects for Nigeria’s Energy Sector
Looking forward the government and energy stakeholders are expected to work together to tackle the challenges that have come with subsidy removal . Priorities will include expanding domestic refining capacities improving fuel distribution networks and exploring alternative energy sources . These steps are essential to ensure energy security and affordability for Nigerians in the long term .
Disclaimer
This article is for informational and educational purposes only. Readers are advised to verify details from trusted sources before making decisions .