By Seun Ibiyemi
Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), marking its first downward price adjustment after a series of sharp increases recorded in recent days.
According to the refinery’s latest pricing template released on March 10, 2026, the gantry price of petrol has been reduced by N100 to N1,075 per litre from the previous N1,175 per litre.
The refinery also disclosed that PMS supplied through coastal distribution will now sell at N1,050 per litre, reflecting a slight price difference for marine deliveries.
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In addition, the gantry price of Automotive Gas Oil, commonly known as diesel, has been cut to N1,430 per litre, representing a N190 reduction from the earlier price of N1,620 per litre.
The company clarified that the quoted gantry prices exclude statutory charges imposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Industry observers say the price adjustment comes amid a recent decline in global crude oil prices, which has begun to ease cost pressures across the international petroleum market and influence pricing trends within Nigeria’s downstream oil sector.
Analysts noted that the reduction could offer short-term relief to marketers and bulk buyers who had been grappling with rapidly rising loading costs in recent days.
Market participants are now closely monitoring how quickly the revised ex-depot prices will filter through depot supply channels and eventually translate into lower pump prices at filling stations across the country.
