Dangote, Depots Cut Petrol Gantry Price to N840
Dangote Petroleum Refinery and several major depot operators have reduced the average gantry price of Premium Motor Spirit to N840 per litre, from N843 per litre. The adjustment follows a drop in global crude prices, with Brent crude trading at about 62 dollars per barrel over the weekend, easing refining and supply costs. Market data show that Dangote Refinery, AIPEC and NIPCO have all pegged their depot selling price at N840 per litre. Some others are slightly higher, with Rainoil at N844, Sigmund and Master Energy at N858 and Northwest at N850 per litre. Meanwhile, eight OPEC plus countries, including Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman, met virtually on 30 November 2025 to review market conditions and the outlook for early 2026. They confirmed an earlier decision to pause planned production increases in January, February […]
