Dangote Petroleum Refinery has reduced its petrol gantry price by N25 per litre, lowering the rate from N1,275 to N1,250 per litre amid a decline in global crude oil prices.

A senior official of the Dangote Group, who spoke on condition of anonymity, confirmed the development on Saturday, attributing the adjustment to recent movements in the international oil market.

According to the source, the refinery reviewed its pricing in response to the drop in crude oil prices, although market volatility remains a concern.

“We have reduced the petrol price to N1,250 at our gantry due to the drop in global oil prices, but the situation is still unstable,” the official stated.

The price reduction comes as depot prices continue to fluctuate across the downstream sector. Market checks indicate that Aiteo and NIPCO are currently selling petrol at about N1,272 per litre, while Integrated Energy, Ascon and African Terminal are trading slightly higher at around N1,274 per litre.

Industry observers believe the latest adjustment by Dangote Refinery could influence retail pump prices, particularly among marketers sourcing products directly from the refinery.

Petrol prices have risen sharply across Nigeria in recent months, climbing from about N830 per litre to nearly N1,300 per litre in several locations, largely driven by increases in global crude oil prices. Diesel and aviation fuel prices have also recorded significant increases, adding pressure on transportation costs and business operations nationwide.