The Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for Premium Motor Spirit (petrol) to ₦1,200 per litre, while fixing its coastal price at ₦1,153 per litre, a move expected to reshape fuel supply costs across Nigeria’s downstream sector.
The development was confirmed by the spokesman for the Dangote Group, Anthony Chiejina, who said the adjustment reflects a downward review of the refinery’s pricing structure.
He noted that the price cut comes amid heightened uncertainty in global oil markets, driven by ongoing geopolitical tensions in the Middle East.
“The adjustment marks a downward review in the refinery’s pricing template and is expected to influence fuel supply costs across distribution channels, including depots and retail outlets,” Chiejina said.
With the new ₦1,200 per litre gantry price, marketers are expected to recalculate landing costs, particularly those sourcing fuel locally rather than relying on imports.
The coastal price of ₦1,153 per litre is also expected to impact marine deliveries to coastal depots, offering an alternative supply route for distributors operating in southern regions.
Details later…
