RismadarVoice Reporters
May 28, 2026
Dangote Petroleum Refinery and Petrochemicals has reduced the ex-depot price of Automotive Gas Oil (diesel) by N200 per litre, lowering it from N1,800 to N1,600 per litre.
The adjustment, which reportedly took effect on May 26, comes amid reports that petroleum marketers have begun receiving fresh imported fuel shipments into Nigeria.
Industry sources said the price cut reflects growing competition in the downstream petroleum sector as imported products re-enter the domestic market.
Confirming the development, the National Public Relations Officer of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Joseph Obele, said the reduction coincided with the arrival of imported petroleum cargoes.
According to him, the move followed increased market activity after import licences were granted to marketers by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
“Dangote Refinery recently instituted legal action after the Nigerian Midstream and Downstream Petroleum Regulatory Authority approved import licences for some marketers to bring petroleum products into the country,” Obele said.
He added that the refinery’s price adjustment came shortly after imported vessels began arriving, intensifying competition in the sector.
The development is expected to influence transportation and logistics costs, particularly for businesses that rely heavily on diesel-powered operations.
Analysts say sustained reductions could ease inflationary pressure in key sectors, though they caution that price stability will depend on market dynamics and global oil trends.
Global crude oil prices have remained volatile in recent weeks amid geopolitical tensions in the Middle East, particularly disruptions affecting key shipping routes such as the Strait of Hormuz.
Despite fluctuations, the international oil market has recently seen partial stabilisation following temporary ceasefire arrangements in the region.
Industry observers note that ongoing diplomatic discussions between major global powers and oil-producing countries will continue to shape energy prices in the months ahead.
