Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), marking the first downward adjustment after a series of sharp increases in recent days.
According to the refinery’s latest pricing template released on March 10, 2026, the gantry price of petrol has been lowered by ₦100 to ₦1,075 per litre, down from the previous ₦1,175 per litre.
The refinery also announced that PMS coastal supply will now be sold at ₦1,050 per litre, reflecting a slight differential for marine distribution.
Similarly, the price of Automotive Gas Oil (diesel) has been reduced to ₦1,430 per litre at the gantry, representing a ₦190 decline from the earlier rate of ₦1,620 per litre.
The refinery noted that all gantry prices are quoted exclusive of charges from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The revision is coming amid a recent decline in global crude oil prices, which has begun to ease cost pressures across the international petroleum market and influenced pricing adjustments within the downstream sector.
Industry observers say the downward review could provide temporary relief for marketers and bulk buyers who had faced rapidly rising loading costs in recent days.
Market participants are now watching to see how quickly the revised ex-depot prices will filter through to depot and retail pump prices across the country.