(petrol) to all licensed marketers, scrapping its previous consortium arrangement.
The refinery also announced a fresh reduction in its ex-gantry price of petrol to N1,075 per litre, down by N50 from the previous rate of N1,125. This marks the second price cut within a short period and brings the total reduction to N200 per litre since May 30, 2026.
In a related move, the coastal loading price was aligned with the new ex-gantry rate at N1,075 per litre, eliminating the earlier pricing gap between the two channels. Prices for Automotive Gas Oil (diesel) and Jet A1 aviation fuel were also lowered significantly over the same timeframe.
Broader Market Access
According to refinery officials, the decision allows all qualified marketers to purchase products directly from the loading gantry. This is expected to remove previous restrictions, improve distribution efficiency, and encourage greater participation in the downstream sector.
Industry observers believe the policy change will intensify competition among marketers, depot operators, and fuel importers, potentially leading to more competitive pricing and better product availability across the country.
Potential Relief for Consumers
The repeated price cuts and wider access to refined products are likely to translate into lower pump prices for end users in the coming days, especially as more marketers source supplies directly from the refinery.
Analysts note that sustained lower import volumes could ease pressure on foreign exchange demand, providing indirect support for the naira over time. However, final retail prices will still be influenced by logistics costs, exchange rate movements, and global crude oil trends.
The latest developments reflect Dangote Refinery’s push to increase supply and promote a more competitive, efficient, and locally-driven fuel market in Nigeria.
