Dangote Refinery to Cut Petrol Prices by 5% in Nigeria Next Week

Dangote Refinery is set to lower petrol prices by 5% in Nigeria, reducing the current price of N828 per liter to N786.60. This move follows a previous price slash and signals the company's proactive response to market dynamics and local supply-demand conditions.

The refinery's capacity of 650,000 barrels per day plays a crucial role in Nigeria's energy self-sufficiency efforts and downstream petroleum sector stabilization. The price adjustment is expected to take effect early next week across depot locations, leading to corresponding retail price adjustments nationwide.