Dangote Petroleum Refinery has reduced its petrol price, bringing the gantry rate down to ₦1,200 per litre and the coastal price to ₦1,153 per litre.
The adjustment was confirmed by the Dangote Group spokesperson, Anthony Chiejina, who said the move reflects a downward review of the refinery’s pricing structure at a time when global oil markets remain volatile due to tensions in the Middle East.
According to him, the new pricing is expected to have a ripple effect across the supply chain, influencing costs at depots and eventually at retail stations.
“The adjustment marks a downward review in the refinery’s pricing structure and is expected to influence fuel supply costs across distribution channels,” he said.
With the gantry price now at ₦1,200 per litre, marketers sourcing fuel locally may begin to adjust their pricing models, especially those who previously relied on imports.
The coastal price of ₦1,153 per litre is also expected to impact marine supply routes, offering an alternative channel for distributors, particularly in southern parts of the country.
The price change comes at a time when global oil prices are being affected by geopolitical developments, yet the local adjustment suggests a shift in how domestic refining could influence fuel costs going forward.
For consumers, the key question remains how quickly these changes will reflect at the pump, as distribution costs, margins, and existing stock levels continue to play a role in final retail pricing.
