The Dangote Petroleum Refinery has adjusted the price of petrol it sells to marketers in Nigeria, reducing it by 75 naira (approximately $0.05) per litre. This change, reported on April 8, 2026, came shortly after a price increase was implemented, reflecting the volatility in the domestic fuel market. The refinery, which began diesel and aviation fuel sales in early 2024, is a critical new supplier aiming to reduce Nigeria's dependence on imported refined products.
The price reduction brings the cost to about 1,200 naira per litre, down from approximately 1,275 naira. Industry analysts cite fluctuations in international crude oil prices and foreign exchange rates as primary drivers for these rapid adjustments. The refinery's pricing decisions are closely watched as they directly impact retail prices and economic activity across the country.
Nigeria, a major oil producer, has historically struggled with fuel subsidies and import dependency, leading to frequent shortages and price shocks. The operational shifts at the Dangote refinery, Africa's largest, are a significant development but have yet to fully stabilize the national supply chain. Market observers note that true price stability will depend on consistent domestic production and broader economic reforms.
