Dangote Refinery slashes petrol price by N75/litre to N1,175
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (petrol) by N75 per litre, bringing the new rate to N1,175 per litre from the previous N1,250. In a circular sent to fuel marketers on Monday, the refinery said the adjustment follows the de-escalation of tensions in the Middle East, which had affected energy prices over the past three months. The refinery also lowered its coastal price per metric tonne from N1,595,790 to N1,495,215. Both the new gantry and coastal rates will take effect from midnight on June 16, 2026. The circular noted that all outstanding unloaded gantry volumes will be repriced at the new rate effective 12:00 AM on June 16. According to Petroleumprice.ng, Dangote Refinery is now the cheapest source of petrol in Nigeria, as many marketers sold petrol at around N1,240 per litre on Monday. […]
