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Nigeria's Dangote Announces Reduction in Oil Products Prices: Statement

Nigeria's Dangote Announces Reduction in Oil Products Prices: Statement

Sputnik Africa

Nigeria's Dangote Announces Reduction in Oil Products Prices: Statement Dangote linked the price reduction for refined products—PMS-petrol and automobile... 11.03.2026, Sputnik Africa

2026-03-11T11:59+0100

2026-03-11T11:59+0100

2026-03-11T12:04+0100

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Nigeria's Dangote Announces Reduction in Oil Products Prices: Statement Dangote linked the price reduction for refined products—PMS-petrol and automobile gas oil—to declining global crude oil prices, according to the company's official statement.Brent crude surged above $119/barrel on Monday (highest since June 2022) then retreated. By Tuesday evening, prices fell below $90/barrel following G7 statements on potential reserve releases.Earlier, Dangote's CEO had assured Nigerians that the company would ensure the country's energy security amid the ongoing escalation in the Middle East.Subscribe to @sputnik_africa Sputnik Africa | X

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