Nigerian Private Depots Increase Fuel Prices Amid Dangote Refinery's Cuts

Private fuel depots in Nigeria have raised petrol prices above N800 per liter after Dangote Refinery reduced its ex-depot price to N699. The price adjustments aim to reflect market dynamics and supply constraints.

Dangote Refinery's maintenance activities, including the suspension of some units, are expected to boost its refining capacity. Despite recent price reductions by NNPC, retail fuel prices may remain high.

Analysts predict ongoing price pressures until refinery operations stabilize in early 2026.