Nigeria’s downstream petroleum market received a fresh boost as Dangote Petroleum Refinery announced a reduction in its petrol gantry price to ₦1,175 per litre.
The latest price cut is expected to ripple across the fuel supply chain, potentially lowering distribution costs and influencing pump prices nationwide. Industry experts say the move could intensify competition among fuel marketers while providing some relief for consumers grappling with high transportation costs and the rising cost of living.
Stakeholders believe the adjustment reflects ongoing efforts to enhance market efficiency and ensure a steady supply of petroleum products across the country.
The development further underscores Dangote Refinery’s growing influence in Nigeria’s energy sector, with many industry observers closely monitoring how the price reduction will affect retail fuel prices in the coming days.
