Dangote Refinery says its new dollar payment policy has not increased petrol prices, insisting marketers selling at higher rates are clearing old stock.
Dangote Refinery says its new dollar payment policy has not increased petrol prices, insisting marketers selling at higher rates are clearing old stock.
Dangote Refinery reduces petrol ex-depot price to N1,175 per litre. Further drops anticipated as global oil prices decline, with potential pump price adjustments.
Cooking gas prices in Nigeria have surged over 300% since 2023, pushing households to revert to traditional fuels as experts urge government intervention.
Data from NBS shows Nigeria’s petrol import bill crashed by 96.2% to N87.401 billion in Q1 2026 as Dangote Refinery boosted local supply and reduced imports.
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