How Dangote Refinery Keeps Nigeria’s Petrol Cheaper Than Global Markets

Nigeria’s petrol remains one of the most affordable globally despite recent price rises. Industry figures show local pump prices at around N1,191 per litre, well below the global average of N1,787. Key markets such as the United States, United Kingdom, France and Germany record significantly higher rates, and even neighbouring West African countries charge more per litre. This affordability is linked to Dangote Petroleum Refinery’s growing capacity. Since subsidy removal in 2023, Nigeria’s deregulated market has been exposed to global crude and forex swings. Analysts say Dangote’s local refining output has cushioned consumers from sharper price spikes and supply disruptions amid Middle East tensions.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.