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Private depot owners dropped diesel prices below Dangote Refinery’s revised ex-depot rate less than 24 hours after the refinery cut its pricesDangote Refinery slashed petrol to ₦1,165 per litre and diesel to ₦1,570 per litre on Wednesday, triggering an immediate reaction At least four Lagos depots undercut Dangote’s diesel price, while petrol prices across most depots stayed slightly high
Private depot owners in Lagos have begun selling diesel below Dangote Petroleum Refinery’s revised ex-depot price, less than 24 hours after Nigeria’s largest refinery announced a fresh round of price cuts.
Dangote Refinery on Wednesday, August 5, 2026, lowered its gantry price for petrol from ₦1,215 to ₦1,165 per litre and cut diesel from ₦1,650 to ₦1,570 per litre. The announcement triggered an almost immediate repricing across the downstream sector.
New diesel prices emerge as depots undercut Dangote Refinery. Credit: Bloomberg/ContributorSource: Facebook
Depots undercut Dangote on diesel
Data from Petroleumprice.ng showed that four Lagos depots moved
