Dangote Refinery Cuts Petrol and Diesel Prices to Ease Burden on Nigerians
By Patience Ikpeme
The management of Dangote Petroleum Refinery has announced a big drop in the prices of petrol and diesel at its facility. This move is intended to help reduce the financial load on Nigerians and help the country’s economy stay steady during these tough times.
In the new price list released by the company, the price of petrol at the refinery gate has dropped from ₦1,175 to ₦1,075 per litre, which is a savings of ₦100. For those buying near the coast, the price has moved down from ₦1,150 to ₦1,028 per litre. Diesel buyers will also see a major relief as the price has been cut by ₦190, moving from ₦1,620 to ₦1,430 per litre.
The refinery explained that this decision shows its dedication to keeping prices fair and transparent. The company noted that because global crude oil prices are going down, it is only right that the prices of the finished products also go down to reflect that change. The management made it clear that they buy all their crude oil at international market prices and pay for foreign exchange at the current market rate without any help or subsidies from the government.
Even with the “Naira-for-Crude” deal, the refinery says it still follows the global benchmark price before converting it to naira. The company pointed out that in 2025, it reduced its prices eight different times and only increased them twice, all in a bid to show patriotism and responsibility to the Nigerian people.
The Managing Director of the Dangote Petroleum Refinery, David Bird, assured the public that the refinery has enough fuel to meet the needs of the whole country, even though the international oil market is very shaky right now. He said that while countries that depend on importing fuel are currently panicking and rationing their supply, Nigeria will not have those problems because the refinery is working hard to make sure fuel is available everywhere.
Mr. Bird explained that even though wars and tensions in the Middle East have made the cost of crude oil, shipping, and insurance go up very fast, the refinery has not stopped supplying the local market. He mentioned that the price of oil jumped from around $60 to almost $120 in just one week, which has caused trouble for energy supplies all over the world.
The Managing Director said that although the refinery is affected by these global price changes, Nigeria has a very big advantage because it can now refine its own fuel. “What would be worse than $120 oil is no oil,” he noted, adding that some countries are now suffering because they have no oil at all to sell to their citizens.
He promised that as long as the Federal Government and the Nigerian National Petroleum Company Limited (NNPCL) keep sending crude oil to the refinery, the company will keep its word to supply the Nigerian market first.
“With the continued support of the government and uninterrupted access to local crude supply, Dangote Refinery will consistently meet all of Nigeria’s refined fuel requirements,” Mr. Bird assured.
