Dangote refinery reportedly cuts petrol price to ₦1,250 and drops fixed pricing

Dangote Petroleum Refinery has reportedly reduced its petrol loading price to ₦1,250 per litre and changed how it sets prices.
What changed
According to industry sources cited in reports on Wednesday, 11 November 2026, the new arrangement took effect on Saturday, 7 November. The refinery is said to have abandoned its fixed gantry price of ₦1,300 per litre and returned to pricing petrol against an international gasoline benchmark. The new price is about ₦50, or roughly 3.85 per cent, lower.
What it means
Under the benchmark-linked system, the refinery's petrol prices can move up or down with global gasoline prices, rather than staying fixed. Diesel is reportedly still sold at a fixed gantry price. The refinery is also said to have restructured the group of marketers that distribute its products.
Background
The change comes amid growing competition in Nigeria's fuel market between the refinery, importers and depot owners, with prices shifting frequently in recent weeks. How much of the cut reaches motorists at filling stations will depend on marketers.
- The loading price is reportedly ₦1,250 per litre.
- Prices will now track global gasoline prices.
- Diesel pricing is said to be unchanged.


