Dangote Refinery: Nigerian filling stations reduce fuel price by N90/L in three weeks

Nigerian filling stations person reduced their Premium Motor Spirit, PMS, pump prices by betwixt N35 and N90 per litre, astir 3 weeks aft Dangote Refinery’s gantry terms reduction.

Checks by DAILY POST showed that MRS, Nigerian National Petroleum Company Limited (NNPCL), AA Rano, Nigerian Independent Petroleum Company (NIPCO), Emedab and different filling stations successful Abuja and its environs person reduced their petrol prices to betwixt N1,210 and N1,275 per litre, down from N1,305 and N1,335 per litre arsenic of July 31, 2026.

This means that successful the archetypal 20 days of August, Nigerian filling stations adjusted their petrol pump prices downward by astatine slightest N35 per litre.

DAILY POST reports that the important driblet successful petrol pump prices during the play nether reappraisal followed Dangote Refinery’s N50 simplification successful its gantry substance price, from N1,210 to N1,165 per litre.

Dangote Refinery’s petrol is N53.54 cheaper than imported fuel, whose landing outgo stood astatine N1,218.54 per litre.

The petrol terms question reflects the dynamic quality of Nigeria’s downstream lipid sector.

Despite falling home petrol prices successful Nigeria, Brent and West Texas Intermediate crude ...