In a move set to ease the burden on motorists and fuel marketers nationwide, the Dangote Refinery has announced a reduction in the price of petrol at its gantry from ₦877 to ₦828 per litre — marking a 5.6% decrease.
Industry insiders confirmed that the Nigerian National Petroleum Company Limited (NNPC Ltd) will supply the 650,000 barrels-per-day refinery with five crude shipments in December, comprising Amenam, Bonny Light, CJ Blend, Forcados, and Qua Iboe grades.
The latest price adjustment, which took effect early Friday, has already seen depot operators in Lagos begin loading at the new rate. Fuel marketers say the cut is expected to trigger a corresponding drop in pump prices at retail stations across the country in the coming days.
Analysts describe the move as a major step toward stabilizing Nigeria’s volatile fuel market, with hopes that sustained crude supply from NNPC will keep domestic prices in check and boost refining efficiency.
The Dangote Refinery, Africa’s largest, has continued to play a pivotal role in reshaping Nigeria’s downstream sector, with its pricing decisions closely watched by both government regulators and global energy observers.
