Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit, also known as petrol, by ₦75 per litre.
The refinery announced the reduction in a circular issued to fuel marketers on Monday.
According to the circular, the adjustment followed the de-escalation of tension in the Middle East, which had affected energy prices in the past three months.
The refinery said the new gantry price had been reduced from ₦1,250 to ₦1,175 per litre.
It added that the coastal price per metric tonne had also been reduced from ₦1,595,790 to ₦1,495,215.
“Following the de-escalation of tensions in the Middle East, which has impacted energy prices. We wish to inform you that we have reviewed our premium motor spirit gantry/coastal price,” the circular stated.
The refinery said the new rates would take effect from midnight.
“Kindly note that all outstanding unloaded gantry volumes will be repriced at the new rate effective 12:00 AM, June 16, 2026.
“We sincerely appreciate your continued patronage and assure you of our unwavering commitment to reliable product supply and excellent service delivery,” the circular added.
