Dangote Refinery Petrol Price Reduction: Dangote Cuts Petrol Price by N100 Per Litre
The petrol price reduction from the Dangote refinery has brought some relief to Nigerians after the company announced a fresh cut in the price of petrol and diesel.
According to the latest pricing template released by the refinery on March 10, 2026, the petrol price at the gantry was lowered by N100. This means the price has dropped to N1,075 per litre from the previous N1,175 per litre.
The refinery also revealed that the price of premium motor spirit for coastal supply has been adjusted to N1,050 per litre. The slight difference in pricing was attributed to additional maritime distribution costs.
In the same development, the refinery announced that the cost of automotive gas oil, commonly known as diesel, has also been reduced. With the latest petrol price reduction, diesel is now sold at N1,430 per litre at the gantry, down from the earlier price of N1,620 per litre.
The refinery clarified that the gantry prices do not include regulatory charges imposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. This means additional fees may still apply depending on distribution and regulatory requirements.
Management of the refinery has consistently maintained that its pricing decisions are guided by global realities. According to the company, the petrol price reduction reflects prevailing crude oil prices, logistics costs, and the operational realities of refining petroleum products.
In a statement issued last Thursday, the refinery explained that petrol prices are not determined arbitrarily. Instead, adjustments are made in line with movements in the international oil market and the cost of crude oil used in refining.
The company further noted that the petrol price reduction is part of Nigeria’s transition into a fully deregulated downstream petroleum market. Under the deregulated system, petrol prices are largely influenced by global crude oil prices, foreign exchange rates, and overall supply conditions.
The refinery also assured Nigerians that it is working to shield the domestic market from disruptions in global supply chains. It explained that domestic refining capacity will help reduce the impact of international conflicts and supply shocks.
“The Dangote Refinery will ensure that Nigeria is insulated from these supply shocks by prioritizing supply to the domestic market. This is one of the many benefits of domestic refining.
“The conflict has driven global crude and freight prices sharply higher, with benchmark Brent prices rising by about 26 percent within a short period to above $84.0 per barrel,” the statement read.
Despite the rising costs in the international market, the refinery disclosed that it absorbs part of the financial pressure in order to ease the burden on Nigerian consumers. According to the company, it currently takes on about 20 percent of the rising costs to help stabilize the local fuel market.
Analysts say the Dangote refinery’s petrol price reduction could influence fuel prices across Nigeria if marketers adjust their retail pump prices to reflect the new gantry rates.
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