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Nigeria’s diesel market sees aggressive price competition as prices drop below ₦1,500 per litreIndependent suppliers respond to Dangote’s price cut, selling diesel at ₦1,490 per litreMarket pressure from high-cost inventories leads operators to prioritise cash flow over profit
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s diesel market has entered a fierce new phase of competition, with independent depot owners and importers slashing Automotive Gas Oil (AGO) prices below the official gantry rate of Dangote Petroleum Refinery, intensifying a price war that is bringing relief to businesses and consumers.
The latest price cuts come barely days after Dangote Refinery reduced its diesel loading price by ₦100 per litre, lowering the ex-depot rate from ₦1,600 to ₦1,500 per litre. Rather than becoming the new market benchmark, the reduction has sparked an even sharper round of discounts among rival suppliers eager to retain
