Dangote Refinery Reduces Fuel Price By 28.5 %
- By Metropolix ~
- June 27, 2026 --
- 0 Comment
— Dangote refinery
By Ademola Familua
The former price of Premium Motor Spirit (PMS) which is generally known as petrol has again been reduced by
Dangote Refinery.
From the former price of N1,175 per litre, petrol is now N1,125 per litre.
The spokesperson of Dangote Group, Anthony Chijiena, confirmed the latest reduction on Thursday.
This means that the refinery dropped its petrol gantry price by N50 per litre.
“It is true our petrol gantry price was reduced by N50 per litre,” Chijiena said.
Similarly, the coastal petrol supply price of Dangote Refinery decreased from N1,495,215 per metric tonne to N1,428,165 per metric tonne.
The development comes as crude oil prices dropped significantly to $69 and $73 per barrel, the same rates as pre-Middle East crisis times.
Recall that on June 16, the Dangote Refinery had reduced its gantry petrol price by N75 per litre, triggering a nationwide retail fuel reduction days later. This brought the total price reduction by Dangote Refinery in two weeks since global prices eased to N125 per litre.
Currently retail fuel prices stand at between N1,241 and N1,305 per litre in Abuja and its environs.
However, Nigerians are clamouring for a further drop in retail fuel to around N800 and N900 per litre, the rate before the Iran-United States-Israel war, which escalated on February 28, 2026.
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