The Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for PETROL to N1,200 per litre, while pegging its coastal price at N1,153 per litre.
Industry Watchers say the development is expected to reshape fuel supply costs across Nigeria’s downstream distribution chain.
According to the spokesperson of the Dangote Group, Anthony Chiejina, the price adjustment represents a downward review in the refinery’s pricing template and comes amid heightened uncertainty in the global oil market driven by geopolitical tensions in the Middle East.
Meanwhile, it is also reported that the ambitious deal between the Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited is facing challenges, as the refinery experienced a crude oil supply shortfall of approximately 79.53 million barrels between October 2025 and mid-March 2026.
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