Competition among petrol marketers along the Lagos-Ibadan Expressway has intensified, with SGR Filling Station in the Mowe axis reducing its pump price to ₦805 per litre, down from ₦812 on Monday, maintaining its position as the cheapest outlet in the area.
The move follows a price reduction by NIPCO near Lotto, which lowered its rate from ₦828 to ₦812 per litre. Several stations have since adjusted their prices to remain competitive. Along Ibafo, Alade Filling Station sells at ₦820 per litre, while Habeeb Filling Station maintains ₦819. SAO stations in Mowe and Lotto are at ₦825, with other outlets, including Akiavic AP, also tweaking their prices.
The Dangote-partnered MRS filling station at Olowotedo reduced its price from ₦839 to ₦825 per litre as motorists favored lower rates, although the MRS outlet near the Redeemed Christian Church of God camp continues to sell at ₦839, even as nearby AP stations dropped to ₦834. NNPC outlets in Lagos and Ogun range between ₦837 and ₦840, depending on local competition.
Earlier, the Dangote Refinery reduced its petrol gantry price by ₦25 per litre—from ₦799 to ₦774—effective immediately, though many MRS and partner stations have yet to reflect the cut, maintaining previous margins.
Dangote highlighted that its locally refined petrol is now more competitive than imported PMS, with the refinery’s ex-depot price at ₦774 per litre compared to ₦793 for imports from Lome. However, the Major Energies Marketers Association of Nigeria cites an average landing cost of imported petrol at ₦722.08 per litre, about ₦52 lower than Dangote’s ex-depot rate.
The refinery also announced it had reached full capacity of 650,000 barrels per day following restoration and optimization of its Crude Distillation Unit and Motor Spirit production block—a global first for a single-train refinery of this scale. A 72-hour intensive performance test was conducted with licensor UOP to validate operational stability, efficiency, and compliance with international standards.
Dangote Petroleum Refinery CEO, David Bird, said the seamless integration of the units demonstrated the company’s engineering strength and operational resilience.
