Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit (PMS), popularly known as petrol and Automotive Gas Oil (AGO), marking the first downward adjustment after several sharp increases recorded in recent days.
According to the refinery’s latest pricing template released on March 10, 2026, the gantry price of petrol has been cut by N100 to N1,075 per litre, down from N1,175 per litre previously.
The refinery also disclosed that PMS supplied through coastal distribution will now sell at N1,050 per litre, reflecting a marginal price differential for marine deliveries.
In addition, the gantry price of Automotive Gas Oil, commonly known as diesel, has been reduced to N1,430 per litre, representing a N190 drop from the earlier price of N1,620 per litre.
The company noted that the quoted gantry prices exclude statutory charges imposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The price adjustment came amid a recent decline in global crude oil prices, which has started to ease cost pressures across the international petroleum market and is influencing pricing trends in the downstream sector.
Industry analysts said the reduction could provide short-term relief for marketers and bulk buyers who had been grappling with rapidly rising loading costs in recent days.
Market participants are now watching closely to see how quickly the revised ex-depot prices will cascade through depot channels and translate into lower retail pump prices nationwide.
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