🔥 Trending Dangote Refinery Price Drop: What You Need to Know About Current Petrol Prices i

The Dangote Petroleum Refinery has recently announced a further reduction in the ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,125 per litre ¹³⁴⁷⁹. This adjustment took effect at midnight on Wednesday, June 25, 2026 ⁸.

Details of the Price Reduction

• Previous Price: The price was previously ₦1,175 per litre ¹⁴⁹.
• Reduction Amount: This latest reduction amounts to ₦50 per litre ³⁶.
• Previous Reductions: Before this, the refinery had also reduced its gantry price from ₦1,250 to ₦1,175 per litre ⁸¹⁰.

Impact and Context

This price cut by the Dangote Refinery is seen as an effort to ensure price stability, improve affordability, and support Nigeria's economy ¹⁹. It comes amidst fluctuations in global crude oil prices, with reports indicating crude oil falling to around $72-$73 per barrel ⁵⁶¹⁰.

Despite these reductions, some sources note that petrol prices in Nigeria remain relatively high compared to pre-conflict levels ¹⁰. It's important to differentiate between the refinery's ex-gantry price (the price at which distributors purchase from the refinery) and the retail price consumers pay at petrol stations, which may include additional costs like transportation and profit margins.