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Dangote Refinery announced new ex-depot prices for petrol and diesel, with the changes taking effect on August 6, 2026The refinery cut petrol by N50 per litre and diesel by N80 per litre, continuing its push to dominate Nigeria’s downstream fuel marketThe price drop could pressure other depot operators to lower their rates, potentially leading to cheaper fuel at the pump for consumers
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.
Dangote Petroleum Refinery has reduced its ex-depot prices for both petrol and diesel, with the new gantry price for premium motor spirit (PMS) now set at N1,165 per litre, down from N1,215. Diesel will sell at N1,570 per litre, compared to the previous rate of N1,650.
The refinery issued a formal notice confirming that the revised prices will come into force on Wednesday, August 6, 2026.
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