Global oil price drop sparks fresh calls for Dangote Refinery petrol cost reduction

The caller driblet successful planetary crude lipid prices connected Tuesday has triggered caller calls for the Dangote Refinery to trim its petrol price, presently pegged astatine N1,245 per liter.

Crude prices fell beneath the $100 per tube people pursuing reports that United States President Donald Trump sent a 15-point bid connection to Iran aimed astatine easing tensions successful the Middle East.

Both Brent crude and West Texas Intermediate (WTI) recorded declines of astir 5 percent, dropping to $98 and $87 per barrel, respectively.

The terms slump comes aft astir a period of escalating struggle involving Iran, the United States, and Israel, which had earlier driven crude prices from astir $64 per tube to a highest of astir $115 earlier retreating.

Amid the earlier surge, the Dangote Refinery accrued petrol prices for the 5th clip successful March 2026, citing planetary crude lipid marketplace trends.

The accommodation pushed pump prices nationwide to betwixt N1,361 and N1,380 per liter.
However, with the caller diminution successful crude prices, stakeholders successful the vigor assemblage are urging the refinery to little its petrol terms successful enactment with existent marketplace realities.

Energy experts, including Engr Eleojo Joseph and Dominic Ebere argued that the institution should bespeak the driblet successful crude prices conscionable arsenic it adjuste...