Dangote Petroleum Refinery and Petrochemicals has announced a reduction in its petrol pricing, lowering its gantry price to N1,200 per litre and its coastal price to N1,153 per litre.
The development was confirmed in a statement issued on Thursday by the company’s spokesperson, Anthony Chijiena.
According to the refinery, the new gantry price represents a decrease of N85 from the previous rate of N1,285 per liter, marking a notable shift in its pricing structure.
The 650,000 barrels-per-day facility had, in recent weeks, implemented a series of price increases, with at least five upward adjustments recorded since March 2026. The hikes were largely attributed to volatility in global oil markets and heightened geopolitical tensions in the Middle East.
However, the latest reduction signals a reversal of that trend and is expected to ease cost pressures across the downstream sector.
Nigerian Newssphere reports that the latest adjustment could influence pricing across distribution channels, particularly at depots and retail outlets, potentially leading to marginal relief for consumers if the reduction is passed through the supply chain.
The Dangote Refinery, Africa’s largest, continues to play a critical role in shaping domestic fuel pricing dynamics as Nigeria pushes to reduce dependence on imported petroleum products.
