Nigeria’s petrol imports fell 26% in August as Dangote Refinery increased domestic supply, with local petrol receipts rising 39% during the month.

Dangote refinery may not lower petrol prices, Minister Lokpobiri says, as Middle East tensions, global oil markets and deregulation drive pump prices higher.

Dangote Refinery cuts petrol and diesel prices below import rates, as marketers boost local purchases and filling stations sell petrol below ₦1,400 per litre.