Dangote Resumes Naira Petrol Sales, Raises Price to N1,215/Litre
Dangote Refinery has ended its brief dollar pricing regime for petrol, returning to naira sales while raising its ex-depot price by N140 per litre.
Dangote Refinery has ended its brief dollar pricing regime for petrol, returning to naira sales while raising its ex-depot price by N140 per litre.
Fuel marketers have suspended large-scale petrol purchases amid uncertainty over Dangote Refinery’s dollar pricing model. The Federal Government says discussions are ongoing to resolve the dispute and stabilise the downstream market.
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), popularly known as petrol, by N75 per litre following easing tensions in the Middle East and declining global energy prices. In a circular issued to fuel marketers on Monday, the refinery announced that the new gantry price has been lowered from N1,250…
Nigeria’s petrol import bill fell by 96.15% to N87.4bn in Q1 2026 as local refining, led by Dangote Refinery, continues to reshape fuel supply.