The Dangote Refinery cuts petrol price again, making it the second price slash in recent weeks, Nigerians across different regions will now buy Premium Motor Spirit (PMS) at new rates ranging from ₦875 to ₦905 per litre. This reduction, though small, has reignited debates among Nigerians who feel the move is more cosmetic than impactful. Some wonder why the refinery is the one reducing prices, not the government.
According to the new price breakdown released by Dangote Petroleum Refinery, Lagos will now pay ₦875, the South-West will pay ₦885, North-East and South-South will pay ₦905, while the North-West and Central regions will pay ₦895 per litre. This adjustment reflects a ₦15 cut from the previous price, which saw Lagos residents paying ₦890, and other regions paying as high as ₦920 per litre.
Petrol Marketers Begin New Price Template With Dangote Refinery
This cut affects all major fuel marketers that partner with the company, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy. All these marketers are expected to apply the new price regime with immediate effect. This comes amidst rising complaints that fuel remains unaffordable to the average Nigerian.
Before the adjustment, complaints had mounted from different regions over high fuel costs. With ₦905 per litre still hovering over some regions, many believe that what Nigerians need is a major drop, not token reductions. While the company claims the new fuel is “refined for better engine performance and environmentally friendly,” many Nigerians are less concerned with quality and more worried about affordability.
Nigerians Question Impact As Dangote Refinery Cuts Petrol Price Again
Some Nigerians argue that the refinery is doing the work of the government, asking where the Nigerian National Petroleum Company Limited (NNPCL) stands in price regulation. They also question the consistency of the pricing template, since there is no clear regulation from a central authority.
“Why is a private refinery the one announcing price changes?” one commuter asked. Others argue that the ₦15 reduction means nothing when salaries remain stagnant and inflation keeps rising. While some fuel marketers have complied with the new price, many filling stations are yet to reflect the change, leaving citizens confused.
