Dangote Refinery has cut the price of automotive gas oil, commonly referred to as diesel, lowering the cost to N1,600 per litre from N1,800, a change confirmed by Chinedu Ukadike, the spokesperson for the Independent Petroleum Marketers Association of Nigeria. The adjustment reflects a N200 reduction, or 11.76%, on the back of the refinery’s decision to move diesel pricing downward across its supply chain.
With the 650,000-barrel-per-day facility implementing the cut, the move is expected to translate into lower retail diesel prices nationwide. Diesel pump prices had been trading roughly between N1,800 and N2,000 per litre, and the new Dangote pricing is intended to ease that range. Market participants are also reading the discount as a potential signal for reductions in the price of premium motor spirit, or petrol, which remains a closely watched component of household and business transport costs.
In parallel, fuel pricing patterns already show how quickly local costs can shift. DAILY POST reported that petrol prices at many filling stations in Abuja and nearby areas were between N1,350 and N1,365 per litre, highlighting the uneven pricing consumers are facing as refiners and marketers adjust to market conditions. The volatility in domestic pricing is tied to uncertainty in global energy markets, which has intensified since February 28, 2026, amid the Middle East crisis.
The disruption has been linked to tensions involving Iran, the United States and Israel, which have contributed to a broad shock in global oil prices. As of Thursday morning, Brent crude and West Texas Intermediate were reportedly trading at about $95 and $90 per barrel, respectively, underscoring how international price moves can rapidly feed into local fuel costs.
