Dangote Refinery Lowers Petrol and Diesel Ex-Depot Prices

The Dangote Petroleum Refinery has reduced the ex-depot prices of petrol and diesel in Nigeria, a move announced on Wednesday, August 5, 2026, aimed at lowering fuel costs for consumers and businesses. The refinery cut the price of Premium Motor Spirit, commonly known as petrol, from 1,215 naira per litre to 1,165 naira, a reduction of 50 naira. The price of Automotive Gas Oil, or diesel, was lowered from 1,650 naira per litre to 1,570 naira, an 80 naira decrease.

In a statement, the Dangote Group said the price review is intended to enhance energy affordability, improve access to refined petroleum products, and support economic activities across the country. The company reaffirmed its commitment to providing affordable, high-quality products to the Nigerian market. The refinery stated that the new pricing reflects its ongoing efforts to deliver value to consumers and other stakeholders while leveraging improved operational efficiencies.

The adjustment comes amid continued national focus on domestic refining capacity and efforts to stabilize the supply of petroleum products. The Dangote refinery emphasized its role in strengthening Nigeria's energy security by reducing reliance...