🔥 Trending Dangote Refinery Cuts Petrol Prices: What You Need to Know

On Wednesday, July 9, 2026, the Dangote Petroleum Refinery announced a reduction in its ex-depot price for Premium Motor Spirit (PMS), commonly known as petrol, by ₦1 per litre ¹²³⁵⁶⁷.

Current Price Details

Following this reduction, the new petrol loading price at the Dangote Refinery is ₦1,075 per litre, down from the previous price of ₦1,076 per litre ⁴⁸. This adjustment reflects a move by the refinery to remain competitive within Nigeria's downstream petroleum market ⁴.

Market Dynamics

This price cut for petrol by Dangote Refinery comes amidst a mixed trend in the Nigerian petroleum market. While petrol prices have seen a slight decrease from Dangote, diesel prices have simultaneously recorded increases across several petroleum depots in Lagos ¹²³⁵⁶⁷. This situation also coincides with a sharp surge in global crude oil prices, nearing $80 per barrel ³⁷.

The decision by Dangote Refinery to cut petrol prices, despite rising global crude oil costs and increasing local diesel prices, highlights the complex and often fluctuating nature of fuel pricing in the region ³⁷.