Will Dangote Refinery announce another reduction in the official ex-depot price of petrol before 11:59 PM WAT on August 18, 2026?

Outcome: NO

How this forecast is settled

Will Dangote Refinery officially cut its ex-depot petrol price again before August 18? Given its recent pricing strategy and the possibility of responding to market conditions, another official reduction appears reasonably likely.

Resolution

Dangote Petroleum Refinery did not announce another official reduction in its ex-depot/gantry petrol price before August 18, 2026. Instead, the refinery held its petrol price steady at ₦1,165 per litre through August 18, 2026, following its previous cut on August 6, 2026. Dangote Petroleum Refinery held its petrol gantry price at N1,165 per litre on August 18, 2026, even as Nigeria's estimated spot import parity price for Premium...

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