Dangote Refinery Cuts Petrol Price to N774/Litre Amid Market Shifts in 2026

Dangote Refinery, a key player in Nigeria's oil and gas sector, has adjusted the ex-depot price of petrol to N774/litre, down from N799/litre, citing changing market conditions in 2026. The move is seen as a strategic price adjustment to enhance competitiveness and stabilize prices in the domestic fuel market.

The refinery's decision comes amidst a backdrop of fuel price volatility experienced in 2025 following the full deregulation of Nigeria's downstream petroleum sector. Dangote Refinery's capacity of 650,000 barrels per day positions it as Africa's largest single-train refinery, playing a crucial role in reducing fuel imports and stabilizing supply in Nigeria.

The latest price reduction aims to ease cost pressures, improve operational efficiency, and increase competitiveness in the market.