Dangote Refinery cuts petrol price by N75/litre as crude oil drops

Author: Obas EsiedesaPublished on: June 17, 2026Country: Nigeria

Business & Economy

Dangote Refinery cuts petrol price by N75/litre as crude oil drops

Dangote Petroleum Refinery reduced the ex-depot price of petrol by 6% (N75/litre) from N1,250 to N1,175 per litre, effective June 16, 2026. The cut followed a decline in Brent crude to $78.87 per barrel amid de-escalation of Middle East tensions and the reopening of the Strait of Hormuz. The refinery also lowered the coastal price by 6.3%.

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