By Peter Omopo
Dangote Petroleum Refinery and Petrochemicals has reduced its gantry price for Premium Motor Spirit (PMS) to ₦1,200 per litre, while its coastal price has been adjusted to ₦1,153 per litre.
The company disclosed the price adjustment in a statement issued by its spokesperson, Anthony Chiejina, noting that the move reflects a downward review of its pricing structure.
The 650,000 barrels-per-day refinery cut its petrol price by ₦85 per litre, down from the previous ₦1,285 per litre charged at the gantry.
The reduction follows a series of price increases earlier in March 2026, largely driven by volatility in global oil markets amid ongoing tensions in the Middle East.
Industry analysts say the latest price cut could help ease pressure on fuel supply costs across distribution channels, including depots and retail outlets, with the possibility of marginal relief for consumers if sustained.
The adjustment is also expected to influence market dynamics in the downstream petroleum sector, as marketers respond to the revised pricing by the country’s largest refinery.
Dangote Refinery has become a major player in Nigeria’s fuel supply chain, with its pricing decisions continuing to shape trends in the domestic petroleum market.
