Dangote Refinery Confirms Petrol Price Stability
Analysis based on 6 articles · First reported Apr 08, 2026 · Last updated Apr 10, 2026
The confirmation of stable petrol prices by Dangote Petroleum Refinery is expected to bolster confidence among marketers, investors, and consumers in Nigeria, preventing a potential spike in fuel prices. This stability, especially amid global geopolitical tensions affecting crude oil prices, reinforces Dangote Petroleum Refinery's role in ensuring energy security and moderating market fluctuations in the region.
Dangote Petroleum Refinery has reaffirmed that the price of Premium Motor Spirit (PMS) remains unchanged, with the gantry price at N1,200 per litre and the coastal price at N1,153 per litre. This clarification comes amid speculation and earlier reports of potential price increases, which had caused anxiety among consumers and industry stakeholders in Nigeria. The Dangote Petroleum Refinery emphasized its commitment to ensuring a consistent supply of refined petroleum products across Nigeria and the wider African market, reinforcing its strategic importance in regional energy stability. Industry analysts note that the refinery's pricing decisions significantly influence Nigeria's downstream petroleum sector, helping to reduce reliance on fuel imports and stabilize prices, especially in the context of global crude oil price volatility influenced by geopolitical developments involving Iran and the United States.
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