In a major relief for motorists and transport operators nationwide, the Dangote Petroleum Refinery has slashed its petrol gantry price from N828 to N699 per litre, marking a substantial N129 decrease—a 15.58 percent reduction.
The new price, announced on Thursday, is already being hailed as a timely intervention as fuel costs continue to shape transportation fares and commodity prices across the country. Industry watchers say the bold move positions the refinery as a driving force for market stability at a time when Nigerians are preparing for peak travel and heightened economic activity.
Fuel marketers expect the revised gantry rate to trigger immediate downward adjustments at filling stations, especially in regions where logistics heavily influence pump prices. With the refinery steadily expanding distribution channels and ramping up output, analysts predict even fiercer competition and more responsive price-setting across the downstream sector.
By lowering the price so significantly, the refinery has signalled its intent to reshape fuel economics and deliver meaningful relief to millions of Nigerians—one litre at a time.
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