Dangote Refinery reduces diesel price as hope rises for fuel cut

Dangote Refinery has reduced the gantry terms of automotive state oil, known arsenic diesel. 

The mega refinery slashed the diesel terms to N1,600 per liter, up from N1,800. 

The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, confirmed the Dangote diesel terms chopped to DAILY POST on Thursday. 

This means that the 650,000-barrel-per-day refinery chopped diesel prices by N200 oregon 11.76 percent. 

The improvement would propulsion the retail diesel price, which stood astir N1,800 and N2,000 per liter, downward nationwide. 

The diesel terms driblet signals anticipation successful premium centrifugal tone terms reduction. 

DAILY POST reports that substance prices stood betwixt N1,350 per liter and N1,365 successful the bulk of filling stations successful Abuja and the surrounding area. 

The volatility successful home petrol merchandise prices is linked to planetary vigor terms uncertainty owed to the situation successful the Middle East since February 28th, 2026. 

The struggle betwixt Iran, the United States and Israel has caused a large daze successful planetary vigor prices. 

Checks showed that Brent and West Texas Intermediate crude lipid prices stood astatine $95 and $90 per tube as of Thursday morning. 

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