Officials, however, warned that the intervention may not immediately translate into lower petrol prices for consumers. This would mean the third surge in petrol prices within a week, following adjustments that pushed gantry prices from N774 to N995 per litre. “There are crises everywhere in the global energy market, and thankfully, we now have the Dangote refinery. If the refinery was not operating, petrol prices in Nigeria could easily have reached N1,500 per litre,” Olatide added. Meanwhile, the Dangote refinery has continued to manage operational realities in a deregulated environment.

Source: Punch March 09, 2026 11:23 UTC