Dangote Petroleum Refinery don drop the price of diesel, wey dem also call Automotive Gas Oil, AGO, by N70 per litre. The refinery gantry price na now N1,780, down from N1,850 before. The new rate, wey be 3.8% cut, start to work on Thursday, October 1, 2026, Nigeria Independence Day, when country mark 66th anniversary.
The refinery no link the price change to the national holiday, even though downstream petroleum market note the timing, Petroleumprice.ng report. Survey of depot prices show say most other petroleum marketers for Lagos dey sell AGO at rates wey pass Dangote new price.
Prudent dey lead the pack at N1,890 per litre. Rain Oil follow with N1,885 per litre, Matrix at N1,880 per litre. Pinnacle dey sell at N1,850 per litre, while Eterna price sit at N1,795 per litre.
A cluster of depots, including Ascon, Duport, Ibachem, Ibeto, Integrated, Menj, Pivot and TMDK, dey all listed at N1,800 per litre. Variations across locations and available stock continue to influence wholesale prices among different operators.
Beyond the gantry pricing, Dangote also revise im coastal AGO premium downward. E move from ICE plus $90 to ICE plus $70 per metric tonne. This change benefit customers wey dey load AGO directly through the refinery coastal channel, giving dem access to lower pricing basis alongside those wey dey use gantry.
Together, the two adjustments widen the gap between Dangote pricing and that of several competing depots for Lagos market. Businesses wey depend on diesel for power generation and transportation dey expected to watch market closely following this development, particularly as depot prices across differ.
Earlier, Legit.ng report say National Bureau of Statistics, NBS, reveal say average retail price of Automotive Gas Oil, AGO, commonly known as diesel, increase by 86.40% year-on-year to N3,277.47 per litre. According to latest diesel price watch report wey the statistics agency release, the figure rise from N1,758.26 per litre.
The report also show say diesel prices rise 32.44% month on month, from N2,474.69 per litre in April 2026 to N3,277.47 per litre. Nasarawa State record highest diesel price at N3,785.84 per litre, followed by Plateau at N3,576.40 and Ebonyi at N3,574.75. Source: Legit.ng.
