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Nigeria: Again, Dangote Refinery Cuts Petrol, Diesel Prices [This Day] The Dangote Petroleum Refinery and Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit (PMS), better known as petrol, and Automotive Gas Oil (AGO), popularly known as diesel, reinforcing its commitment to making refined petroleum products more affordable and supporting economic activities across Nigeria.

Dangote Refinery Slashes Diesel and Jet Fuel Prices The Dangote Petroleum Refinery has reduced the prices of key refined products, including diesel and aviation fuel, as global crude oil values continue to decline. Diesel now sells at N1,600 per litre, down from N1,700, while jet fuel has been adjusted to N1,450 per litre from N1,550. The latest changes represent a N100 cut on both products. The adjustments come shortly after the refinery also lowered its petrol gantry price from N1,250 to N1,175 per litre, signalling a broad downward review across its product range. Data from market tracking platform Petroleumprice.ng linked the price changes to falling international crude oil prices, triggered by easing geopolitical tensions in the Middle East. Brent crude, the global benchmark, has dropped from around $83 per barrel to about $78, slipping below the $80 mark for the first time in months. At its peak during earlier global disruptions, Brent crude had surged to about $120 per barrel before stabilising below $70 prior to the latest price swings. The refinery’s pricing move has already influenced competition in the downstream sector, with depot operators beginning to make small…

Dangote cuts petrol and diesel prices as Africa's largest refinery expands ... Africa’s largest refinery has cut fuel prices again, strengthening its growing influence over Nigeria’s energy market at a time when many African economies are still struggling with high fuel costs, currency pressures and stubborn inflation. Dangote Refinery has reduced petrol and diesel prices as global oil market pressures begin to ease. Dangote Refinery has reduced petrol and diesel prices again, with diesel recording the biggest cut. The move comes as global oil prices ease amid renewed diplomatic efforts between the US and Iran. The refinery is becoming increasingly influential in Nigeria’s fuel market as imports decline. The development could provide relief for businesses facing high transport, logistics and power costs. ADVERTISEMENT Recommended articles markets South Africa’s diamond industry may face disruption as London-listed miner moves to restructure assets markets Despite lower oil prices after the Strait of Hormuz crisis, Africa’s costliest fuel markets still charge over $3.00 per litre markets Africa’s two largest cocoa producers tighten grip on global cocoa trade with unified pricing pl…

Nigeria: Again, Dangote Refinery Cuts Petrol, Diesel Prices The Dangote Petroleum Refinery and Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit (PMS), better known as petrol, and Automotive Gas Oil (AGO), popularly known as diesel, reinforcing its commitment to making refined petroleum products more affordable and supporting economic activities across Nigeria. Under the latest price adjustment, the refinery reduced the ex-depot price of PMS, to N1,250 per litre from N1,275 per litre, while the price of diesel was cut to N1,700 per litre from N1,800 per litre. The price review comes amid the refinery's continued efforts to improve supply efficiency, deepen domestic refining, and provide cost relief to consumers and businesses that depend heavily on petroleum products for transportation, power generation and industrial operations. Since commencing operations, the 650,000-barrel-per-day refinery has increasingly supplied the domestic market with refined products to eliminate the country's dependence on imported fuels. Read theoriginal articleonThis Day.

Dangote Refinery Cuts Petrol, Diesel Prices Again NM Partners 1 min read The Dangote Petroleum Refinery & Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), reinforcing its commitment to making refined petroleum products more affordable and supporting economic activities across Nigeria. Under the latest price adjustment, the refinery reduced the ex-depot price of PMS, commonly known as petrol, to N1,250 per litre from N1,275 per litre, while the price of AGO (diesel) was cut to N1,700 per litre from N1,800 per litre. The price review comes amid the refinery’s continued efforts to improve supply efficiency, deepen domestic refining, and provide cost relief to consumers and businesses that depend heavily on petroleum products for transportation, power generation and industrial operations. Since commencing operations, the 650,000 barrels per day refinery has increasingly supplied the domestic market with refined products aimed at eliminating the country’s dependence on imported fuels. WhatsApp Channel Follow Nairametrics Telegram Channel Follow Nairametrics Zenith Bank backs Canada-Africa Busines…

Aliko Dangote's refinery cuts petrol and diesel prices again Table of Contents Aliko Dangote's refinery cut ex-depot petrol and diesel prices on May 30, the second reduction in a week, as the Nigerian industrialist deepens his price-leadership posture across the country's downstream market. Under the latest adjustment, premium motor spirit dropped to ₦1,250 per liter from ₦1,275, while automotive gas oil fell to ₦1,700 per liter from ₦1,800. The cuts extend a multi-week pattern of reductions as global crude prices retreat from earlier highs. A price posture that compounds the refinery thesis The reductions come from Dangote Petroleum Refinery and Petrochemicals, the 650,000 barrel-per-day complex in Lagos's Lekki Free Zone that is now the largest single-train refinery in the world. Anthony Chiejina, group chief branding and communications officer at Dangote Group, said in a statement that the price review aligns with the group's broader effort to improve supply efficiency, deepen domestic refining capacity and provide cost relief to consumers and businesses that rely on petroleum products for transportation, power generation and industrial activities. The reduction also lands insi…

Dangote Refinery Slashes Diesel, Jet Fuel Prices Sign in Welcome! Log into your account Forgot your password? Get help New Policy in the Civil Service: Hypocrisy at Work? Password recovery Recover your password A password will be e-mailed to you. Home Business Dangote Refinery Slashes Diesel, Jet Fuel Prices Dangote Refinery Slashes Diesel, Jet Fuel Prices Dangote Refinery By Rahma Oladosu June 18, 2026 Facebook X Pinterest WhatsApp Advertisement Dangote Refinery Slashes Diesel, Jet Fuel Prices The Dangote Petroleum Refinery has lowered its gantry prices for Automotive Gas Oil (diesel) and Aviation Turbine Kerosene (jet fuel). According to data from Petroleumprice.ng, the Dangote refinery reduced the diesel gantry price by N100, from N1,700 per litre to N1,600 per litre, representing a reduction of 5.9 per cent. Jet fuel prices were also lowered by N100, from N1,550 per litre to N1,450 per litre. This comes hours after the refinery announced a N75 drop in the petrol gantry price from N1,250 to N1,175 per litre. The reduction was linked to the drop in crude prices following the de-escalation of the Middle East crisis. It was gathered that private depot operators have started loweri…

Dangote refinery cuts diesel, jet fuel prices - Punch Newspapers Dangote refinery cuts diesel, jet fuel prices June 18, 2026 12:02 am Dangote Refinery By Dare Olawin Kindly share this story: The Dangote Petroleum Refinery has lowered its gantry prices for Automotive Gas Oil (diesel) and Aviation Turbine Kerosene (jet fuel). According to data from Petroleumprice.ng, the Dangote refinery reduced the diesel gantry price by N100, from N1,700 per litre to N1,600 per litre, representing a reduction of 5.9 per cent. Jet fuel prices were also lowered by N100, from N1,550 per litre to N1,450 per litre. This comes hours after the refinery announced a N75 drop in the petrol gantry price from N1,250 to N1,175 per litre. The reduction was linked to the drop in crude prices following the de-escalation of the Middle East crisis. It was gathered that private depot operators have started lowering prices to compete with the Dangote refinery. According to Petroleumprice.ng, Rainoil has adjusted the jet fuel price from N1,553 per litre to N1,550 per litre on Monday. Similarly, diesel’s closing price across Lagos depots on Tuesday at African Terminal, Sahara, Ibeto and Duport was an average of N1,660 …

'Nigerians not benefiting from drop in crude price' - FCCPC warns ... The Federal Competition and Consumer Protection Commission, FCCPC, has warned petrol marketers against unfair petrol pricing. In a statement issued on Sunday by the Director of Corporate Affairs of the Commission, Ondaje Ijagwu, a review of prevailing gantry and retail prices suggested that consumers were yet to fully benefit from the easing in global oil prices The FCCPC noted that the earlier spike in crude oil prices prompted local refiners and marketers to swiftly raise pump prices across the country. DAILY POST recalls that petrol price rose to between ₦lN1,350 and N1,500 per litre, while diesel sold for as high as N2,000 as hostilities intensified in the Gulf between April and May. According to the Commission, petrol is still being sold at an average of N1,200 nationwide, with some local refiners fixing gantry prices between N1,025 and N1,075. “The Federal Competition and Consumer Protection Commission, FCCPC, has expressed concern over findings from an ongoing surveillance of the downstream petroleum market suggesting undue exploitation of consumers. “A review of the gantry prices of local refiners, marke…

Again, Dangote Refinery Cuts Petrol, Diesel Prices - THISDAYLIVE Ejiofor Alike The Dangote Petroleum Refinery and Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit (PMS), better known as petrol, and Automotive Gas Oil (AGO), popularly known as diesel, reinforcing its commitment to making refined petroleum products more affordable and supporting economic activities across Nigeria. Under the latest price adjustment, the refinery reduced the ex-depot price of PMS, to N1,250 per litre from N1,275 per litre, while the price of diesel was cut to N1,700 per litre from N1,800 per litre. The price review comes amid the refinery’s continued efforts to improve supply efficiency, deepen domestic refining, and provide cost relief to consumers and businesses that depend heavily on petroleum products for transportation, power generation and industrial operations. Since commencing operations, the 650,000-barrel-per-day refinery has increasingly supplied the domestic market with refined products to eliminate the country’s dependence on imported fuels. Founded on January 22, 1995, THISDAY is published by THISDAY NEWSPAPERS LTD., 35 Creek Road Apapa, …

Dangote Refinery Cuts Petrol, Diesel Prices Again Economy Dangote Refinery Cuts Petrol, Diesel Prices Again Dangote Refinery has announced fresh cuts to petrol and diesel ex-depot prices, reducing costs for marketers and consumers. The company says the move supports domestic refining, fuel supply stability and broader economic recovery, although many filling stations have yet to adjust pump prices. By InsideBusiness On May 31, 2026 1,188 Share Dangote Refinery has announced another reduction in fuel prices, lowering the ex-depot costs of petrol and diesel to support consumers and businesses. Dangote Petroleum Refinery & Petrochemicals has reduced the ex-depot prices of petrol and diesel , marking a fresh move aimed at easing costs for consumers and strengthening fuel supply across Nigeria. Under the revised pricing structure, the ex-depot price of petrol price reduction now stands at N1,250 per litre , down from N1,275 per litre , while diesel has been reduced to N1,700 per litre from N1,800 per litre . According to the company, the adjustment forms part of its broader strategy to make petroleum products more affordable, improve supply efficiency and support economic activities na…