Nigeria is expected to experience a decline in petrol prices in the coming days as the Dangote Refinery has resumed loading the product to marketers. According to Abubakar Maigandi, President of the Independent Petroleum Marketers Association of Nigeria, the association’s members have started loading petrol at the 650,000‑barrel‑per‑day refinery. This development is anticipated to alleviate the fuel‑supply shortage across the country.
Maigandi confirmed that the current loading price is N877 per litre, up from N820, and expressed optimism that the increased availability of fuel would lead to a reduction in petrol prices. He said, “We are expecting that with the availability of the product, the price would drop a little bit. I can’t say how much a drop is expected, but there would be a reduction in price.”
Billy Gillis‑Harry, National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, also hinted that the availability of fuel would push prices down, providing relief to Nigerians. He noted that when there are sufficient petrol products, the country should have enough supply to guarantee affordability.
In recent weeks, petrol prices surged to between N940 and N965 per litre in parts of Abuja, a rise attributed to a supply glitch at the Dangote Refinery. However, with the refinery’s resumption of loading, several filling stations—including MRS, Emedeb, Optima, and Bova—have resumed dispensing fuel. Last week, Devakumar Edwin, Vice President of Dangote Industries, announced that over 310 million litres of premium motor spirit had been billed for loading at the refinery plant.
The Nigerian National Petroleum Company Limited and other filling stations had previously increased petrol prices from N905‑N910 per litre to N940‑N965 per litre. The resumption of loading at the Dangote Refinery is expected to ease the fuel‑supply shortage and bring prices down. As the situation develops, Nigerians can anticipate a decrease in petrol prices, providing much‑needed relief to consumers and signaling a significant improvement for the country’s oil and gas sector in the coming days.
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