Diesel Price Falls to ₦1,600 at Dangote Refinery as New Imports Arrive
Dangote Petroleum Refinery has cut its gantry price of diesel by ₦200 per litre, bringing it down from ₦1,800 to ₦1,600. The reduction took effect on May 26. The price cut follows the arrival of fresh shipments by independent importers amid an ongoing legal tussle over licences granted by the downstream regulator. Industry officials say increased competition in the fuel sector is driving prices down. Global oil markets have also softened, with Brent crude dipping below $96 per barrel after recent fluctuations tied to Middle East tensions and OPEC developments. Analysts expect continued price swings as regional peace talks unfold.
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