{"id":820083,"date":"2026-07-23T04:16:19","date_gmt":"2026-07-23T04:16:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/820083\/"},"modified":"2026-07-23T04:16:19","modified_gmt":"2026-07-23T04:16:19","slug":"dangote-drops-dollar-petrol-pricing-offering-relief-to-nigerias-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/820083\/","title":{"rendered":"Dangote drops dollar petrol pricing, offering relief to Nigeria\u2019s economy"},"content":{"rendered":"


\n Following a week of economic uncertainty owing to Dangote\u2019s decision to load fuel in dollars, the refinery has fixed its new ex-depot (gantry) price to Naira, albeit at a higher cost. \n <\/p>\n


\n The new price was revised to N1,215 per litre, representing an increase of N140 per litre, or 13.02 per cent, from the previous price of N1,075 per litre. \n <\/p>\n


\n \u201cDangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS) in naira, providing a measure of relief to marketers and consumers,\u201d a statement released on Wednesday read \n <\/p>\n


\n \u201cThe gantry price is fixed at N1,215\/ litre,\u201d it added, as seen on Naija News<\/a>. \n <\/p>\n


\n After notifying clients of the new conditions on Tuesday, the refinery resumed the acceptance of orders for coastal loading. \n <\/p>\n


\n Following an extended period of uncertainty within the downstream petroleum market due to the suspension of fuel sale in naira, which compelled several independent marketers to procure supplies from private depots, the refinery has reinstated naira-denominated pricing for truck loading. \n <\/p>\n


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\n Former dollar pricing by Dangote
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\n \n <\/p>\n


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\n \"A <\/p>\n


\n Under the dollar pricing system<\/a>, Automotive Gas Oil (diesel) was set to cost $1.087 per litre, while Aviation Turbine Kerosene (ATK) was priced at $0.942 per litre. Petrol delivered via coastal deliveries was tagged at $1,044.62 per metric tonne. \n <\/p>\n


\n At the time, the refinery notified marketers and customers that all previously issued naira-denominated Proforma Invoices and Deal Recaps for gantry and coastal transactions were no longer legitimate. \n <\/p>\n


\n The notice, signed by the refinery\u2019s Group Commercial Operations, read, \u201cFollowing our email on the 9th of July, 2026, regarding the transition from Naira to United States Dollars, please note that all issued Naira Coastal and Gantry PFIs\/Deal Recaps are now invalid, and no payments should be made against them. \n <\/p>\n","protected":false},"excerpt":{"rendered":" Following a week of economic uncertainty owing to Dangote\u2019s decision to load fuel in dollars, the refinery…\n","protected":false},"author":2,"featured_media":820084,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-820083","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/820083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=820083"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/820083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/820084"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=820083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=820083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=820083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}