Dangote Petroleum Refinery has announced a fresh reduction in the prices of its refined petroleum products, cutting the gantry price of petrol to ₦1,165 per litre and diesel to ₦1,570 per litre.
The latest adjustment is expected to influence pump prices across Nigeria as marketers and filling station operators review their retail prices in response to the refinery’s new rates.
The price reduction comes amid ongoing efforts to stabilise the domestic fuel market and improve the availability of petroleum products across the country.
Industry analysts say the move could trigger further competition among fuel marketers, with many expected to adjust their prices to remain competitive.
The new prices also reflect recent developments in the global crude oil market and the cost of importing refined petroleum products.
Consumers are expected to benefit from the adjustment as more filling stations begin to implement the revised pricing in the coming days.
