Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for Premium Motor Spirit (PMS) from ₦1,275 to ₦1,200 per litre.
The refinery also lowered its coastal price to ₦1,153 per litre, marking a downward review in its pricing structure.
The adjustment comes amid ongoing tensions in the Middle East, which continue to influence global oil markets and pricing dynamics.
The new pricing is expected to impact fuel supply costs across distribution channels, including depots and retail outlets.
Industry stakeholders say the reduction could ease pressure on marketers and potentially reflect in pump prices if sustained.
The move further highlights the growing role of local refining in shaping Nigeria’s downstream petroleum market.