Dangote Refinery has again reduced its gantry petrol price nationwide to N1,125 per litre from N1,175 per litre.
The spokesperson of Dangote Group, Anthony Chijiena,
confirmed the latest reduction on Thursday.
This means that the refinery dropped its petrol gantry price
by N50 per litre.
“It is true our petrol gantry price was reduced by N50 per
litre,” Chijiena disclosed.
Similarly, the coastal petrol supply price of Dangote
Refinery decreased from N1,495,215 per metric tonne to N1,428,165 per metric
tonne.
The development comes as crude oil prices dropped
significantly to $69 and $73 per barrel, the same rates as pre-Middle East
crisis times.
Recall that on June 16, the Dangote Refinery had reduced its
gantry petrol price by N75 per litre, triggering a nationwide retail fuel
reduction days later. This brought the total price reduction by Dangote
Refinery in two weeks since global prices eased to N125 per litre.
Currently retail fuel prices stand at between N1,241 and
N1,305 per litre in Abuja and its environs.
However, Nigerians are clamouring for a further drop in
retail fuel to around N800 and N900 per litre, the rate before the Iran-United
States-Israel war, which escalated on February 28, 2026.
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