Dangote Refinery Lowers Petrol Price to ₦1,200 Per Litre

Dangote Refinery has announced a reduction in the price of petrol to ₦1,200 per litre, as confirmed by spokesperson Anthony Chiejina. This adjustment reflects a downward review of the refinery's pricing structure amid uncertainties in the global oil market.

The new price is expected to influence fuel supply costs across various distribution channels, including depots and retail outlets. Additionally, the coastal price has been set at ₦1,153 per litre, which is anticipated to affect marine deliveries to depots located along Nigeria's coastal regions.

The price review aims to align with the current market conditions and is part of a broader strategy to manage fuel supply and distribution costs in Nigeria's downstream sector.