Dangote Refinery Cuts Petrol to N1,250 a Litre as Diesel Falls N100
Updated
Updated · msmeafricaonline.com · May 25
Dangote Refinery Cuts Petrol to N1,250 a Litre as Diesel Falls N100
11 articles · Updated · msmeafricaonline.com · May 25
Dangote Petroleum Refinery lowered its ex-gantry petrol price by N25 to N1,250 per litre and cut diesel by N100 to N1,700 per litre.
The reduction is aimed at easing pressure on businesses and consumers facing high fuel-driven operating costs, especially transporters, manufacturers, logistics firms and small enterprises relying on generators.
Diesel's bigger cut could trim expenses fastest for commercial transport and backup power users, though the broader impact will depend on whether marketers pass the lower costs through to pump prices.
The move follows recent confusion over a reported petrol increase; company sources had said about three weeks ago that petrol remained at N1,275 despite claims of a N75 rise.
The latest adjustment reflects continued repricing in Nigeria's downstream fuel market as refiners and marketers respond to shifts in global crude prices, supply conditions and domestic demand.
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Nigeria’s Fuel Price Surge: Dangote Refinery’s Role, Market Volatility, and Policy Crossroads in 2026
Overview
In early 2026, Nigeria’s petroleum market saw sharp volatility as the Dangote Petroleum Refinery made several price adjustments, initially reducing its gantry price multiple times in 2025 out of economic patriotism. However, this trend reversed in March 2026 when the refinery raised the price of Premium Motor Spirit, driven by the escalating Middle East crisis that pushed crude oil prices above $100 per barrel. These changes directly impacted retail fuel prices nationwide, highlighting how global events and local refinery decisions together shape Nigeria’s fuel market, affecting both supply stability and the cost of living for citizens.