Dangote refinery cuts petrol gantry price to N1,200 per litre
The Dangote Petroleum Refinery & Petrochemicals has announced a reduction in its gantry price for petrol to N1,200 per litre and set its coastal price at N1,153 per litre. According to spokesperson Anthony Chiejina, this move is a downward review of the refinery’s pricing structure amid ongoing global oil market uncertainties. The price cut is expected to influence fuel supply costs across Nigeria’s distribution chain. The refinery has also been facing challenges with crude oil supply shortfalls and ongoing issues with the Nigerian National Petroleum Company Limited.
TLDR
- Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for petrol to N1,200 per litre and coastal price to N1,153 per litre.
- The price adjustment is a response to global oil market uncertainties caused by tensions in the Middle East.
- Marketers sourcing locally are expected to recalibrate their landing costs due to the new rates.
- The refinery experienced a crude oil supply shortfall of approximately 79.53 million barrels between October 2025 and mid-March 2026.
- The facility received significantly lower crude volumes than required, impacting its operations and its deal with the Nigerian National Petroleum Company Limited.
