By Paul Joseph
Dangote Petroleum Refinery & Petrochemicals has announced a reduction in the gantry price of Premium Motor Spirit (petrol) to N1,200 per litre, while its coastal price has been adjusted to N1,153 per litre.
The development was disclosed by Dangote Group spokesperson, Anthony Chiejina, who said the move reflects a downward review of the refinery’s pricing framework.
He noted that the decision comes at a time of heightened volatility in the global oil market, driven largely by escalating geopolitical tensions in the Middle East, which continue to shape fuel pricing trends worldwide.
The price cut is expected to ripple across Nigeria’s fuel supply chain, with marketers sourcing directly from the refinery likely to revise their landing costs—particularly those shifting away from fuel imports in favour of local supply.
Additionally, the new coastal price is set to offer relief to distributors operating in southern regions, where marine transportation plays a key role in fuel movement to depots.
Industry watchers say the adjustment could influence petrol pricing nationwide in the coming days, as stakeholders respond to the revised rates and its implications for distribution and retail costs.
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