Dangote Sets Petrol Price at $0.779 per Litre in Nigeria

Dangote Petroleum Refinery has announced a new pricing template, fixing the ex-depot price of petrol at $0.779 per litre, effective from July 13, 2026. This change is part of a broader shift in Nigeria's downstream petroleum sector towards dollar-denominated transactions, moving away from naira payments.

The new pricing structure also sets diesel at $1.087 per litre and aviation fuel at $0.942 per litre. The refinery disclosed that this pricing adjustment is necessary to align with its commercial price structure and to address the mismatch caused by the increasing exposure to foreign exchange risk.

The refinery has been receiving a larger share of its crude oil supply from the Nigerian National Petroleum Company Limited (NNPCL) in dollar-denominated cargoes, which has led to a significant volume of its refined products being sold domestically in naira. This transition is expected to influence fuel prices in the downstream market, depending on movements in the foreign exchange market and international crude oil prices.