Dangote Petroleum Refinery has announced another cut to fuel prices, signaling that the downward trajectory in the Nigerian petrol market is likely to continue.
The move follows a recent adjustment that set the price of petrol at N1,075 per litre, marking a significant step in stabilizing domestic energy costs after a period of volatility.
The price reduction reflects the refinery's ongoing strategy to align domestic pricing with improved operational efficiency and increased local supply.
By consistently lowering prices, Dangote is reinforcing its role as a key stabilizer in Nigeria's energy sector, reducing reliance on imports and mitigating the impact of global price fluctuations on local consumers.
This development comes shortly after the company formally denied reports suggesting that fuel products refined at its facility were being exported to Togo and subsequently re-imported into Nigeria.
The denial aimed to clarify that the refinery's output is primarily directed toward meeting domestic demand, ensuring that the benefits of increased production are realized within the Nigerian market.