Dangote Refinery announces a cut in its ex-gantry price for Premium Motor Spirit (petrol), lowering it by about N75 per litre to around N1,175, effective from midnight on June 16, 2026. It also reduces the coastal price per metric tonne. The refinery says the adjustment follows a de-escalation of tensions in the Middle East, which eases pressure on global energy prices.

Several outlets report that the lower refinery rate is affecting downstream pricing. Legit.ng describes petrol depot price reductions in parts of Nigeria and notes that some private depots and filling stations adjust their prices to remain competitive, while other depots raise prices amid higher global crude benchmarks. Punch reports a separate set of figures for petrol and diesel, indicating day-to-day or outlet-specific pricing differences. Other reports also highlight that retail prices may change again if global oil prices rise due to disruptions.

Across the coverage, the main difference is the reported price points at specific stages of distribution (gantry, depot, or pump) and timing, but sources largely agree that Dangote’s refinery pricing move is driving local market adjustments.