Dangote Refinery has reduced its petrol price for the fourth time in a month, bringing the gantry price to N1,075 per litre, alongside cuts to diesel and jet fuel prices, as crude oil prices ease globally.
Dangote Refinery is cutting prices again — and this time it’s the fourth cut in just one month.
The refinery announced a fresh reduction in fuel prices in a statement to DAILY POST on Thursday, bringing the gantry price of petrol down to N1,075 per litre from N1,250. This marks a N50 per litre drop, taking cumulative reductions to N200 per litre since May 30, 2026.
The refinery also slashed the ex-depot price of Automotive Gas Oil (AGO) by N300 per litre and Jet A1 aviation fuel by N520 per litre.
According to Dangote Refinery, the successive price cuts reflect its commitment to ensuring Nigerians benefit from favourable market developments, while still maintaining the long-term sustainability of its domestic refining operations.
The company explained that the products currently being supplied to the market were produced from crude inventories acquired during periods of higher prices. “Today’s N50 per litre reduction is the fourth price cut in one month, bringing cumulative reductions to above N200 per litre on PMS. This approach ensures that pricing decisions are anchored on actual production economics and inventory costs rather than short-term fluctuations in international oil markets,” the refinery stated.
It added: “Nigeria today benefits from the stabilising role of domestic refining capacity. The Dangote Petroleum Refinery currently supplies volumes sufficient to meet national demand, helping to strengthen energy security, eliminate dependence on imports, conserve foreign exchange and provide greater price stability for consumers and businesses.”
DAILY POST reports that this is at least the fourth time Dangote Refinery has reduced fuel prices in the past month as crude oil prices continue to ease globally.
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