Dangote Petroleum Refinery has reduced its Automotive Gas Oil (AGO), also known as diesel, gantry price by ₦80 per litre, lowering the rate from ₦1,780/litre to ₦1,700/litre, Petroleumprice.ng gathered.
The new price will take effect from October 7, 2026, according to a notice issued to customers by the refinery.
The price review represents a decline of about 4.5 percent and comes amid falling diesel import costs and weaker international crude oil prices.
In its notice to customers, the refinery stated that corresponding credit values on all unloaded gantry volumes affected by the downward price adjustment would be communicated separately.
The latest reduction follows a sharp decline in Nigeria’s estimated diesel import-parity costs.
Data from the Major Energies Marketers Association of Nigeria (MEMAN) showed that the estimated spot landing cost of diesel fell by ₦127.28 per litre within two days, dropping from ₦1,823.68/litre on September 30 to ₦1,696.40/litre on October 2.
MEMAN’s Energy Bulletin also showed that the seven-day average AGO import-parity cost declined from ₦1,871.34/litre to ₦1,823.19/litre over the same period, reflecting softer import economics.
The reduction in import costs has coincided with lower global oil prices.
As of 6:10 p.m. WAT on Tuesday, Brent crude traded at $98.34 per barrel, down $1.98 or 1.97 percent, while West Texas Intermediate (WTI) stood at $87.90 per barrel, down $1.53 or 1.71 percent.
The latest adjustment marks Dangote Refinery’s second diesel price reduction within a month, following recent volatility in international crude markets and changes in the cost of imported products.
The new gantry price of ₦1,700/litre also narrows the gap between domestic refinery supply and import-parity costs, potentially influencing pricing decisions across depots and bulk diesel supply channels in the coming days.