Petrol Prices Remain High Despite Dangote’s Announced Cuts as Marketers Stall on Implementation

Petrol Prices Remain High Despite Dangote’s Announced Cuts as Marketers Stall on Implementation

Despite the Dangote Refinery announcing a drop in petrol prices last week, motorists across Lagos, Ogun, and other states are still paying between ₦865–₦870 per litre at filling stations.

Checks revealed that most major marketers, including MRS, Heyden, and Ardova, have yet to fully implement the price cut. Only Heyden made a slight adjustment, selling at ₦863 per litre.

Under Dangote’s new pricing scheme, motorists in Lagos were expected to pay ₦841 per litre, while Abuja, Rivers, and Delta should be around ₦851 per litre. But the relief has yet to reach consumers.

👉 Marketers say they’re holding old stock bought at higher prices and won’t reduce rates until new deliveries arrive.
👉 IPMAN insists prices will fall once independent marketers start receiving Dangote’s cheaper supplies.
👉 Critics, however, accuse Dangote of “destabilising the market” with sudden price cuts that clash with other importers’ shipments.

For now, Nigerians remain at the mercy of fuel stations as regulators and market players argue over implementation.