Dangote Refinery Slashes Petrol Gantry Price to N1,200The Dangote Petroleum Refinery has reduced its petrol gantry price to N1,200 per litre, marking a fresh downward adjustment in its pricing structure amid ongoing shifts in Nigeria’s downstream oil market.
The latest reduction, announced in a new pricing template released by the refinery, is expected to influence fuel supply costs across the country, particularly for marketers who purchase directly from the facility.
Industry stakeholders indicate that the move could trigger adjustments in pump prices if oil marketers reflect the lower ex-depot rate in retail pricing.
However, past trends show that reductions at the gantry do not always immediately translate to lower prices at filling stations.
The price cut reinforces the refinery’s growing dominance in Nigeria’s fuel supply chain, where it has increasingly dictated market direction through competitive pricing strategies.
Recent data shows local refining largely driven by the Dangote facility now accounts for the bulk of petrol supply in the country, significantly reducing reliance on imports.
Analysts note that the continued price adjustments signal an intensifying pricing dynamic in the downstream sector, with the potential to spark further competition among marketers and reshape fuel pricing nationwide.
The refinery, which operates at a capacity of about 650,000 barrels per day, remains central to Nigeria’s push for energy self-sufficiency and foreign exchange savings through reduced fuel imports.
Source : Punch.ng
