Figures cited by **Tribune Online** show that the Dangote Refinery has proactively reduced the ex-depot price of petrol to N1,200 per litre. This move follows a significant 15% plunge in global oil prices, which has provided much-needed relief to the downstream sector. The price adjustment is expected to force other market players and the NNPC to follow suit, potentially easing the transportation costs that have plagued Nigerian households for over a year.
Industry experts believe this marks a turning point in Nigeria’s quest for energy self-sufficiency. By aligning domestic prices with the global market downtrend, the refinery is demonstrating its capacity to pass on savings to the consumer. Protesters at the National Assembly, who had previously demanded lower energy costs, have welcomed the development but continue to call for more transparent pricing mechanisms across the board.
**Channels TV** reported that “energy analysts anticipate further drops if global crude stays below $70,” and **Daily Post** quoted marketers saying, “the N1,200 price point will significantly reduce the cost of logistics for food items.”
**Echotitbits take:** This is a rare win for the Nigerian consumer. If Dangote can maintain this price point, it will take significant pressure off the government’s fuel subsidy-free regime, though the volatility of the Naira remains the “X-factor” to watch.
Source: The Punch – https://punchng.com/just-in-dangote-refinery-reverses-petrol-price-to-n1200-as-crude-dips/ , April 9, 2026
Photo credit: The Punch
