Nigeria TV Info 

Filling Stations Slash Petrol Pump Prices After Dangote Refinery Cuts Gantry Rate

Fuel marketers and filling stations across Nigeria have begun reducing pump prices following a fresh downward adjustment in the ex-gantry price of Premium Motor Spirit (PMS) by the Dangote Petroleum Refinery.

The refinery recently reviewed its depot price from around ₦1,275 per litre to about ₦1,250 per litre, a move that has triggered immediate reactions across the downstream market as marketers adjust retail prices to reflect reduced landing costs.

Industry operators say the latest cut is part of ongoing price fluctuations driven by changes in crude oil costs, logistics expenses, and competitive pressure in Nigeria’s deregulated fuel market. The Dangote Refinery, which plays a major role in domestic supply, has repeatedly adjusted its gantry rates in recent months, causing ripple effects on retail pricing nationwide.

Marketers in major cities, including Lagos, Abuja, and Port Harcourt, have reportedly begun implementing slight reductions at the pump, with some stations trimming prices by a few naira per litre depending on stock levels and acquisition cost. However, experts caution that the extent of retail reduction may vary as older, higher-cost stock is still being cleared in some depots.

Energy analysts note that continued stability in gantry pricing could lead to further relief for consumers, but warn that volatility in crude markets and transport costs may still influence future adjustments.

Overall, the latest price movement underscores the growing influence of domestic refining capacity on Nigeria’s fuel pricing structure, as competition among suppliers intensifies.