DANGOTE REFINERY ANNOUNCES REDUCTION IN PETROL PRICES
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By: Muftau Fatimo
Dangote Petroleum Refinery and Petrochemicals has lowered its gantry price for petrol to N1,200 per litre and its coastal price to N1,153 per litre.
The company made this announcement in a statement shared by its spokesperson, Anthony Chijiena, with The media on Thursday.
The refinery, which has a production capacity of 650,000 barrels per day, reduced the price of petrol by N85, bringing it down from N1,285 per litre to N1,200 per litre.
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The recent petrol price reduction follows at least five increases implemented by Dangote Refinery since March 2026, amid ongoing tensions in the Middle East.
The media reports that this adjustment represents a downward revision in the refinery’s pricing structure and is expected to impact fuel supply costs across distribution channels, including depots and retail outlets.
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