Respite for Nigerians as Dangote Refinery reduces petrol price massively

Respite for Nigerians arsenic the Dangote Petroleum Refinery has reduced the gantry terms of Premium Motor Spirit (petrol) by N75 per litre to N1,175 per litre from N1,250. 

Also, the Dangote refinery’s coastal terms per metric tonne has been reduced from N1,595,790 to N1,495,215.

The mega refinery disclosed this successful a circular to substance marketers on Monday. Consequently, the caller terms takes effect from Tuesday (today). 

According to the refinery, the accommodation followed the de-escalation of the hostility successful the Middle East, which had impacted vigor prices successful the past 3 months.

“Following the de-escalation of tensions successful the Middle East, which has impacted vigor prices. We privation to pass you that we person reviewed our premium centrifugal tone gantry/coastal price,” the circular stated.

The refinery said the caller rates volition instrumentality effect from midnight.

“Kindly enactment that each outstanding unloaded gantry volumes volition beryllium repriced astatine the caller complaint effectual 12:00 AM, June 16, 2026.

“We sincerely admit your continued patronage and guarantee you of our unwavering committedness to reliable merchandise proviso and fantabulous work delivery,” the circular noted.

This means that retail substance prices are expected to driblet importantly crossed Nigeria successful the coming weeks from their existent terms of betwixt N1317 and N1335 per litre successful Abuja.