Dangote Petroleum Refinery has reduced its petrol gantry price to ₦1,175 per litre, marking a fresh adjustment in the downstream petroleum market.

The latest price review is expected to impact fuel distribution costs and could influence pump prices across various parts of the country. Industry stakeholders believe the reduction may foster greater competition among marketers while offering some relief to consumers burdened by rising transportation and living expenses.

The development comes amid efforts to ensure a stable supply of petroleum products and improve market efficiency within Nigeria’s energy sector.

Details later.