Dangote Refinery slashes petrol price to N1,125/litre nationwide

Dangote Refinery cut its gantry petrol price by N50 per litre to N1,125/litre nationwide on June 25, 2026, down from N1,175/litre. The refinery’s coastal petrol supply price also fell from N1,495,215 to N1,428,165 per metric tonne. Spokesperson Anthony Chijiena confirmed the cut to DAILY POST, noting it follows a N75/litre reduction on June 16 that later triggered nationwide retail price drops. The two‑week cut totals N125/litre as global crude prices slipped to $69‑73 per barrel, similar to pre‑Middle East crisis levels. Retail fuel in Abuja currently sells between N1,241 and N1,305/litre, but consumers are urging a further drop to the N800‑900 range seen before the Iran‑US‑Israel war escalated on February 28, 2026.

Lower gantry prices often translate into cheaper pump prices after a few days, directly affecting transport costs, food prices and household budgets. Although retail prices remain high, the earlier June cut did lead to a nationwide retail dip, suggesting this reduction could ease living costs if marketers pass on the savings. For commuters and businesses, cheaper fuel means lower fares and logistics expenses, potentially easing inflation pressure.

Watch local filling stations over the next few days for price adjustments; if past patterns hold, expect pump prices to drop by roughly N50‑N75/litre. Consider adjusting travel budgets or negotiating remote work if savings materialize. Keep an eye on Dangote’s announcements and crude oil trends for further moves, and budget accordingly should prices approach the N800‑900 target many Nigerians hope for.

SOURCE: https://dailypost.ng/2026/06/25/again-dangote-refinery-reduces-fuel-price-4/