Dangote Refinery reduces fuel price for the fourth time in four weeks

The Dangote refinery reduced substance prices for the 4th clip wrong a period arsenic crude lipid prices eased. 

The latest terms driblet was disclosed successful a connection to DAILY POST on Thursday. 

The caller simplification brings the gantry terms of petrol to N1,075 per litre from N1,250. 

This means that the mega refinery dropped its petrol by N50 per litre to a cumulative N200 per litre since May 30, 2026.

In the aforesaid vein, Dangote Refinery reduced the ex-depot terms of Automotive Gas Oil (AGO) by N300 per litre and Jet A1 aviation substance by N520 per litre.

The institution said the successive reductions show its committedness to ensuring Nigerians payment from favourable marketplace developments portion maintaining the semipermanent sustainability of home refining operations.

According to the refinery, the petroleum products presently being supplied to the marketplace are being produced from crude inventories acquired during periods of substantially higher prices.

“Today’s N50 per litre simplification is the 4th terms chopped successful 1 month, bringing cumulative reductions to supra N200 per litre connected PMS. This attack ensures that pricing decisions are anchored connected existent accumulation economics and inventory costs alternatively than short-term fluctuations successful planetary lipid markets,” it said. “Nigeria Today benefits from the stabilising relation of home refining capaci...