Dangote refinery has lowered petrol and diesel prices by N100.
In the latest pricing template from the refinery, issued on March 10, 2026, the price of petrol at the gantry has been reduced by ₦100, bringing it down to ₦1,075 per litre from the earlier price of ₦1,175 per litre.
The refinery has further stated that the price of PMS for coastal supply will now be set at ₦1,050 per litre, which accounts for a minor adjustment due to maritime distribution expenses.
In a similar manner, the cost of Automotive Gas Oil (diesel) has been lowered to ₦1,430 per litre at the gantry. This marks a reduction of ₦190 from the previous price of ₦1,620 per litre.
The refinery pointed out that the prices at the gantry do not include fees from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Meanwhile, oil marketers have advised Nigerians to brace up for a continued rise in the price of Premium Motor Spirit (PMS) or petrol to about ₦1500 per litre as the US-Israeli and Iran showed no sign of abating.
National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), President, Dr. Billy Gillis-Harry, advised Nigerians while appearing on Channels The Morning Brief on Tuesday to discuss ‘The Effect Of Global War On Fuel Prices’.
According to him, product availability currently being provided by the Dangote Petroleum Refinery, even though at higher prices, was a better option than scarcity.
The Dangote Refinery is Africa’s largest oil refinery and the world’s biggest single-train facility, currently operating at 650,000 barrels per day with plans to expand to 1.4 million barrels per day.
The Dangote Refinery is situated in the Lekki Free Trade Zone, Ibeju-Lekki, Lagos State, Nigeria, covering approximately 6,180 acres (2,500 hectares) of land. It is designed as a single-train refinery, making it the largest of its kind globally.
Credit: dailypost.ng
