Dangote Refinery is set to reduce petrol prices before the launch of its nationwide fuel distribution programme scheduled for August 15. Backed by a ₦720 billion ($450 million) investment, the plan includes deploying 4,000 Compressed Natural Gas (CNG) powered trucks to distribute petrol, diesel, and aviation fuel directly to consumers. This approach is expected to bypass middlemen, cut logistics costs, and lower pump prices significantly.

The new strategy targets persistent challenges in Nigeria’s fuel supply chain and aims to transform the dynamics of the downstream oil sector. By leveraging its expansive infrastructure and cleaner CNG-powered fleet, Dangote hopes to create a more efficient and affordable fuel distribution system.

Industry analysts believe the refinery may lower its ex-depot petrol prices to support the seamless rollout of the trucks nationwide. Sources suggest the price review could happen before August 15, reinforcing the company’s commitment to reducing energy costs for Nigerians.