Dangote Refinery reduces diesel prices by N100, sets ex-depot price at N1,700/litre

Dangote Refinery ships 300,000MT of petrol to private depots in May

The Dangote Refinery has reduced the gantry price of Automotive Gas Oil (AGO), also known as diesel, by N100, setting the ex-depot price at N1,700 per litre, up from N1,800 per litre.

According to the refinery’s communique sighted by petroleumprice.ng, effective May 27, the gantry price of diesel from the Dangote refinery will be sold for N1,700 per litre, following a N100 reduction.

However, on May 26, the refinery had adjusted depot prices of diesel by N200 to N1,600 per litre. But it retracted the announcement later on the same day.

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Industry operators say the move is aimed at preventing losses among marketers and ensuring a fair adjustment across the supply chain.

The refinery’s reversal is expected to stabilise trading activities in the downstream sector, where sudden price changes can disrupt inventory planning and margins.

Energy analysts say the adjustment is a corrective step to balance pricing fairness with market stability as Africa’s most populous nation’s refining landscape continues to evolve.

Feyishola Jaiyesimi

Feyishola Jaiyesimi is a journalist at BusinessDay Media with over two years reporting experience. She began her journalism career as an agricultural reporter and now covers the energy sector, including oil, gas, electricity, environment, and renewables. She has been selected for professional training by the US Consulate, Lagos. She is a 2025 Dataphyte Biodiversity Reporting Fellow. Feyishola holds a bachelor’s degree in Zoology and Environmental Biology from Ekiti State University.