Fuel price reduction update in Nigeria

Premium centrifugal tone prices person continued to trim successful the past 3 weeks amid crude lipid terms volatility. 

DAILY POST reports that Brent and West Texas Intermediate crude declined to $76 and $71 per tube on Saturday despite renewed airstrikes betwixt the United States and Iran. 

US President Donald Trump had said its ceasefire with Iran and, by extension, Israel had ended. 

Trump’s remark had triggered a surge successful crude lipid prices earlier it cooled disconnected on Thursday and Saturday. 

The renewed hostility successful the Middle East had triggered speculations of home substance prices successful Nigeria; however, this could not past pursuing crude lipid prices’ successive easing. 

DAILY POST reports that Dangote Refinery’s gantry terms and depot owners’ ex-depot prices dropped to N1,075 per liter aft astatine slightest 4 complaint reductions connected the backmost of falling crude lipid prices. 

Fuel gantry terms simplification has been reflected successful the retail petrol terms driblet successful the past 3 weeks. 

The substance pump terms dropped by N167 per liter, oregon N131 per liter, to betwixt N1,150 and N1,205 per liter on Sunday, July 12, 2026, from betwixt N1,317 and N1,336 per liter, it was sol...