Dangote Refinery Cuts Ex-Gantry Petrol Price By N100 After Drop In Oil Price
Dangote Petroleum Refinery has reduced the ex-gantry price of Premium Motor Spirit (PMS), also
known as petrol, by ₦100 per litre following a recent drop in global crude oil prices.
According to the refinery’s latest pricing template released on March 10, 2026, the gantry price of petrol
was lowered from ₦1,175 per litre to ₦1,075 per litre. The adjustment represents the first downward
review after several price increases recorded in recent days.
The company also announced that petrol supplied through coastal distribution channels will sell for
₦1,050 per litre, reflecting slight variations associated with marine transportation costs.
In addition, the refinery reduced the price of Automotive Gas Oil (diesel) to ₦1,430 per litre,
representing a ₦190 decrease from the previous price of ₦1,620 per litre.
Industry reports indicate that the price adjustment followed a decline in international crude oil prices,
which had earlier surged amid geopolitical tensions in the Middle East involving the United States, Iran,
and Israel. The fall in crude prices created room for refiners to moderate product costs.
The refinery noted that the quoted ex-gantry prices do not include statutory charges imposed by the
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), meaning the final
pump price at retail stations will still depend on additional logistics and distribution costs.
Analysts say the reduction could offer temporary relief to fuel marketers and transport operators,
although retail pump prices may still remain above the refinery’s depot price due to transportation,
storage, and marketing margins.
The Dangote Refinery, Africa’s largest single-train refinery, has become a key supplier of refined
petroleum products in Nigeria, helping to reduce the country’s dependence on imported fuel.
By Oyinkansola Shittu.
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