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Dangote Petroleum Refinery may reduce its petrol and diesel prices again, as several Lagos depots now offer fuel at slightly lower ratesDepot operators have cut PMS and AGO prices to attract customers, intensifying competition in Nigeria’s downstream petroleum marketIncreased fuel imports and greater product availability are driving the price war, forcing suppliers to closely monitor and adjust their pricing strategies
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Dangote Petroleum Refinery may be compelled to cut its petrol and diesel loading prices again as competition among fuel depots in Lagos continues to heat up, with several operators now offering products at rates slightly below the refinery’s ex-depot prices.
Market figures obtained from Petroleumprice.ng on June 1, 2026, indicate that depot operators have been aggressively adjusting prices for both Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (AGO), or diesel, in
