The Dangote Petroleum Refinery has announced a reduction in its domestic fuel prices, cutting the cost of both petrol and diesel at its Lagos facility. Effective from March 10, 2026, the move follows the latest pricing template issued by the refinery, which is Africa’s largest.
According to the new template, the ex-refinery, or “gantry”, price for Premium Motor Spirit (petrol) has been lowered by ₦100 per litre, from ₦1,175 to ₦1,075. For products destined for coastal distribution, accounting for maritime logistics, the price is set at ₦1,050 per litre. Separately, the price for Automotive Gas Oil (diesel) has been reduced by ₦190 per litre at the gantry, down from ₦1,620 to a new price of ₦1,430.
The refinery specified that these published gantry prices are exclusive of statutory fees and levies payable to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). End-users will therefore face a final retail cost that incorporates these additional regulatory charges, along with distribution and retail margins.
This adjustment by the 650,000-barrel-per-day facility, which commenced operations in late 2023, is closely watched as a key indicator for Nigeria’s fuel market. The refinery’s production is central to the government’s strategy for eliminating fuel imports and stabilising local prices. These reductions signal a shift in the refinery’s pricing dynamics, potentially offering relief to transporters, manufacturers, and consumers dependent on refined petroleum products. The changes apply to products sold directly from the refinery’s Lekki hub and reflect ongoing calculations based on global crude costs and operational expenses. The development is expected to exert downward pressure on the broader downstream sector, though the extent of retail price pass-through will depend on the decisions of independent marketers and the prevailing NMDPRA charges.
