Dangote Refinery Reduces Petrol, Diesel Prices

Dangote Petroleum Refinery and Petrochemicals has announced reductions in prices of Premium Motor Spirit (PMS), also known as petrol, and diesel.

According to a new pricing template released by the refinery on March 10, 2026, the gantry price of petrol has been reduced by N100, dropping from N1,175 to N1,075 per litre.

The refinery also stated that the price of PMS for coastal supply will now be N1,050 per litre. The difference in price reflects additional costs linked to maritime distribution.

Similarly, the price of Automotive Gas Oil (diesel) has been reduced to N1,430 per litre at the gantry, down from the previous N1,620 per litre. This represents a decrease of N190 per litre.

The refinery noted that these gantry prices do not include regulatory charges from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

As previously reported by NaijaChoice News, the refinery had raised its gantry PMS price to N1,175 per litre on Monday — the third upward adjustment in seven days. The refinery communicated the new ex-depot price to marketers and depot operators, up ₦180 from the N995 per litre announced last week Friday, an 18.1 per cent increase in three days.

This latest slash by the Dangote Refinery, owned by Africa’s richest man Aliko Dangote, is expected to bring much-needed relief to marketers, transporters and Nigerian motorists who have been grappling with volatile fuel costs in recent weeks.

The development aligns with Aliko Dangote’s long-standing vision for the refinery to deliver affordable and reliable petroleum products, reducing Nigeria’s dependence on imported fuel while stabilising the domestic market.

In a related positive development from the Dangote Group, Dangote Packaging Limited (DPL) has boosted its production capacity and is now expanding aggressively into African export markets.

The company has increased monthly output of polypropylene bags from 36 million to 52 million units after commissioning new machinery at its plants.

Officials say that once local demand is fully met, the surplus will be directed to key markets across West, Central and Southern Africa, with a dedicated export team already mobilised to lead the charge.

This expansion is set to create more jobs and further cement Dangote Group’s position as a major player driving industrial growth and intra-African trade.

Marketers and consumers have welcomed the refinery’s price cut, with many hoping the reduction will translate to lower pump prices at filling stations in the coming days.