Dangote Refinery 4.webp
The Digest:

Dangote Refinery has reduced petrol and diesel prices, cutting petrol by N100 to N1,075 per litre from the previous N1,175, and diesel by N190 to N1,430 per litre from N1,620. According to the latest pricing template issued on March 10, the refinery also set petrol for coastal supply at N1,050 per litre, accounting for maritime distribution expenses. The refinery noted that the gantry prices do not include fees from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The reduction follows days of sharp price increases driven by the Middle East conflict, which had pushed petrol above N1,300 at retail outlets.

Key Points
  • Petrol cut by N100 to N1,075 per litre.
  • Diesel slashed by N190 to N1,430 per litre.
  • Coastal petrol is priced at N1,050 per litre.
  • Prices exclude NMDPRA fees.
  • Reduction follows recent hikes amid the Iran war.
Dangote Refinery finally gives Nigerians a breather, slashing petrol and diesel prices after weeks of relentless hikes, but with crude still volatile, the relief may be fragile.

Sources: Dangote Refinery