Again, Aliko Dangote’s Refinery Cuts Petrol Price by ₦100, Diesel Also Drops Amid Market Adjustments

Dangote Petroleum Refinery and Petrochemicals has announced a fresh reduction in the prices of petrol and diesel supplied from its facility, signaling a new shift in the domestic fuel market.

In a pricing update released on March 10, 2026, the refinery disclosed that the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, has been reduced by ₦100 per litre. The price has dropped from ₦1,175 to ₦1,075 per litre for buyers lifting products directly from the depot.

For fuel supplied through coastal distribution channels, the refinery set the PMS price slightly lower at ₦1,050 per litre. The company explained that the variation in price is due to additional logistics and maritime transportation costs associated with coastal deliveries.

The refinery also announced a significant cut in the price of Automotive Gas Oil (AGO), commonly known as diesel. The gantry price for diesel has been lowered from ₦1,620 to ₦1,430 per litre, representing a ₦190 reduction.

However, the refinery clarified that the announced gantry prices do not include statutory charges imposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Earlier reports indicated that the refinery had increased the ex-depot price of petrol to ₦1,175 per litre earlier this week, marking the third price adjustment within seven days. That earlier increase represented a ₦180 rise from the ₦995 per litre price announced the previous Friday — an 18.1 percent surge within three days.

The latest reduction suggests another shift in pricing strategy as the refinery continues to adjust to market conditions and distribution costs.