The Dangote Petroleum Refinery has implemented several reductions in its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, over recent months:​

• February 26, 2025: The refinery decreased the ex-depot price from ₦890 to ₦825 per litre, marking a ₦65 reduction. This move was aimed at providing economic relief to Nigerians ahead of the Ramadan season. ​

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• March 14, 2025: The ex-depot price was further reduced to ₦815 per litre. This strategic adjustment was designed to enhance market competitiveness and offer more affordable fuel options to consumers.

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These price cuts have intensified competition within Nigeria's downstream oil sector, prompting other market players, including the state-owned Nigerian National Petroleum Corporation (NNPC), to adjust their pricing strategies. This competitive environment has led to petrol prices in Lagos dropping to approximately ₦860 per litre.

However, on March 19, 2025, the Dangote Refinery announced a temporary suspension of fuel sales in the local currency, the naira. This decision was attributed to challenges arising from discrepancies between crude oil purchases made in U.S. dollars and fuel sales conducted in naira. The suspension may influence petrol pricing and availability in the short term.

These developments underscore the dynamic nature of Nigeria's fuel market, influenced by factors such as global oil prices, currency exchange rates, and strategic decisions by key industry players.