Dangote Petroleum Refinery has clarified that the recent reduction in petrol prices at fuel stations across Nigeria was due to its own pricing adjustments, not the federal government’s suspension of the 15 percent import duty on petroleum products.

The refinery revealed that on November 6, it lowered its ex-gantry petrol price from N877 to N828 per litre and reduced its coastal price from N854 to N806 per litre, marking a 5.6 percent decrease. These adjustments were made before the government’s duty suspension announcement.

“The idea that the price reduction was caused by the government’s tariff change is completely false and misleading,” the company said in a statement. It stressed that the adjustments were driven by internal logistics and market dynamics.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced the suspension of the petrol import duty nearly a week later, prompting some media outlets to mistakenly attribute the pump price drop to the government decision.

Dangote Petroleum Refinery, a major player in Nigeria’s downstream oil sector, frequently influences local fuel prices. The company recently achieved a milestone by exporting petrol to the United States, coinciding with Nigeria’s emergence as Africa’s leader in trade surplus, recording $8.4 billion in the first half of 2025.

The refinery urged the public and media to rely on official announcements for accurate information regarding fuel prices and market trends.