Dangote Refinery slashes petrol price after USA- Iran peace deal

Dangote Refinery has cut petrol gantry prices by ₦75 per litre, bringing the new rate to ₦1,175.

The adjustment follows easing tensions in the Middle East, which have contributed to a decline in global crude oil prices.

Industry sources say the reduction is expected to provide relief to marketers and consumers, with potential impact on transport and food costs.

Analysts note that further price changes may occur if international oil markets continue to stabilise.