Dangote Refinery has cut its petrol “gantry” price across Nigeria again, lowering the rate to N1,125 per litre from N1,175 per litre, according to confirmation from the group. The latest move follows a broader easing in global crude markets and adds to a series of domestic price adjustments that have already fed into retail pricing in recent days.
Key takeaways
- Dangote Refinery lowered its petrol gantry price to N1,125 per litre from N1,175 per litre.
- The refinery also reduced its coastal petrol supply price to N1,428,165 per metric tonne from N1,495,215.
- The new cut trims gantry petrol by N50 per litre, after an earlier N75 per litre reduction on June 16.
- Global crude prices have fallen to about $69–$73 per barrel, a level described as similar to pre-crisis conditions.
- Retail petrol prices are currently reported at roughly N1,241–N1,305 per litre around Abuja, while many consumers are pushing for cuts toward N800–N900.
Refinery price cuts reflect softer crude costs
Anthony Chijiena, a spokesperson for Dangote Group, confirmed the new reduction in the gantry petrol price, stating that the refinery had indeed cut the rate by N50 per litre. The adjustment brings the refinery’s posted gantry price to N1,125 per litre, down from N1,175 per litre.
Alongside the gantry change, Dangote Refinery also adjusted its coastal petrol supply pricing. The cost was reduced from N1,495,215 per metric tonne to N1,428,165 per metric tonne, indicating that the easing is not limited to the point-of-sale pricing at the gantry.
Global oil declines and the path from gantry to retail
The latest domestic price move comes as crude oil prices dropped sharply to a range of $69 to $73 per barrel, levels characterized as comparable to those seen before the Middle East disruption period. The refinery’s decision is also part of a continuing chain of adjustments: on June 16, Dangote Refinery had previously reduced its gantry petrol price by N75 per litre.
That earlier cut was followed by nationwide retail fuel reductions a few days later, illustrating how refinery pricing feeds through to forecourt rates. Taken together, the refinery’s actions in the last two weeks since global prices eased amount to a total reduction of N125 per litre.
Current retail fuel prices are reported at between N1,241 and N1,305 per litre in Abuja and nearby areas. However, consumer sentiment remains focused on further declines, with many Nigerians calling for petrol to fall to approximately N800 to N900 per litre—an approximate benchmark associated with the period before the Iran–United States–Israel conflict intensified on February 28, 2026.
