spot_img
spot_imgspot_img
August 20, 2026 - 12:35 PM

Dangote Refinery Drives Petrol Prices Down by N90 in Three Weeks

Petrol prices have continued to fall across filling stations in Abuja and nearby areas, with motorists now paying between N35 and N90 less per litre than they did at the end of July.

Checks showed that outlets operated by MRS, NNPCL, AA Rano, NIPCO, Emedab and others are selling petrol between N1,210 and N1,275 per litre, compared with N1,305 to N1,335 recorded on July 31, 2026.

The News Chronicle reports that the price cuts came shortly after Dangote Refinery reduced its gantry price by N50, from N1,210 to N1,165 per litre.

The domestic refinery’s petrol is also currently cheaper than imported fuel, which has a landing cost of about N1,218.54 per litre.

The latest movement highlights the growing impact of locally refined petrol on pump prices, even as international crude prices remain high. Brent crude was trading at $91.90 per barrel, while West Texas Intermediate stood at $84.60.

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted

Share post:

Subscribe

Latest News

More like this
Related

2027: INEC Must Make Candidates Debate Before Elections — Utomi

Political economist and leadership advocate, Prof. Pat Utomi, has...

Prince Isaac Fayose Criticises Wike Over Osun Election Comment

Social media commentator and activist Prince Isaac Fayose today...

Davido’s Cousins Give Him Standing Ovation After Uncle’s Osun Election Win

Governor Ademola Adeleke's family has drawn wide attention online...

Nigeria’s Energy Inflation Falls to 4.37% in July

Nigeria’s energy inflation rate fell sharply to 4.37 percent...
Join us on
For more updates, columns, opinions, etc.
WhatsApp
0
Would love your thoughts, please comment.x
()
x