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Lagos depot owners, including African Terminal, AIPEC, Duport and Ibeto, have reduced diesel loading pricesThe oil marketers’ new rate is now lower than Dangote Refinery’s N1,700 gantry rate recently announcedThe price cut highlights growing competition in Nigeria’s deregulated petroleum market as suppliers compete
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Some depots have reduced their automotive gas oil loading price below the Dangote Petroleum Refinery N1,700/ litre gantry price as competition intensifies in the deregulated market of the product.
According to market data, four out of five of the major Lagos-based depots, Africa Terminal, AIPEC, Duport and Ibeto have reduced the diesel loading price to N1,698/litre on Thursday, 4 June 2026.
Competition heats up as depots sell diesel below refinery benchmark Photo: BloombergSource: Getty Images
The drop in the price places them at N2/litre below the N1,700/litre
