Opaindex tracks 5 sourced energy stories from Nigeria, each dated and cross-linked to live market data. The latest: "Dangote cuts petrol to ₦1,075 a litre and opens sales to all marketers".
Dangote Refinery lowered its ex-depot petrol price by ₦50 to ₦1,075 per litre from early July 2026 — its second cut in a week and a cumulative ₦200 reduction since late May — and scrapped its 20-marketer loading consortium so any qualified marketer can now buy directly from the gantry and coastal terminals.
· 4 min readCrude production averaged about 1.53 million barrels a day in May 2026 — 102% of Nigeria's 1.5m bpd OPEC quota and a 15-month high — as Trans Niger Pipeline security held. With condensate, combined output reached roughly 1.70m bpd, underpinning the naira and a 17-year reserves high. It still trails the 2.06m bpd the 2026 budget assumes.
NBS data shows a 12.5kg cooking gas refill averaged ₦22,382 in April 2026, up ~13.9% in a month — squeezing households as LPG costs keep climbing.
AGO climbed ~2.8% week-on-week to ₦1,180 per litre, raising costs for haulage, manufacturing and off-grid power.
Dangote Refinery lowered its ex-depot PMS price by ₦75 to ₦1,175 per litre from 16 June 2026, citing easing Middle East tensions and falling global crude — the first major downward review in months. Within days, imported petrol's landing cost slipped below the refinery's own price.
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