Nigerian Government and Dangote Cut Petrol Prices
The Nigerian government is addressing rising petrol prices by convening a consultative meeting on September 26, 2026, organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This meeting will involve refiners, depot owners, marketers, and retailers to discuss the pricing of Premium Motor Spirit (PMS) and other petroleum products.
Currently, petrol prices range from N1,395 to N1,450 per litre in Abuja, contributing to financial strain on consumers and businesses. In a related development, Dangote Petroleum Refinery has reduced its petrol price from N1,350 to N1,325 per litre, partially reversing a previous increase.
This adjustment may influence pricing decisions across the downstream market. Additionally, diesel prices have been reduced by N100 to N1,600 at the gantry, following a decline in global crude oil prices.
The NMDPRA's engagement is expected to keep petrol pricing central to discussions in the coming days.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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