The Dangote Refinery has reversed its earlier petrol price hike, returning the ex‑depot rate to ₦1,275 per litre just hours after increasing it to ₦1,350.

Industry insiders say the swift adjustment reflects market pressures and concerns over affordability, as the initial hike sparked reactions from marketers and consumers alike. The refinery’s management reportedly reviewed feedback and opted to stabilize prices to avoid further strain on motorists and transport operators.

The reversal is significant given Dangote’s role as Nigeria’s largest private refinery, with its pricing decisions directly influencing fuel costs nationwide. Analysts note that while the ₦75 reduction offers short‑term relief, the broader challenge of balancing production costs, foreign exchange rates, and consumer affordability remains.

For many Nigerians, the move underscores the volatility of the downstream oil sector, where price changes can ripple quickly through the economy, affecting transport fares, goods distribution, and household budgets.