Fresh Hope As Dangote Refinery Moves Spark Anticipation Over Fuel Prices

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Dangote Refinery reduces diesel price as hope rises for fuel cut

Dangote Refinery has reduced the gantry price of automotive gas oil, known as diesel.

The mega refinery slashed the diesel price to N1,600 per liter, up from N1,800.

The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, confirmed the Dangote diesel price reduction to ZINGTIE on Thursday.

This means that the 650,000-barrel-per-day refinery reduced diesel prices by N200 or 11.76 percent.

The development is expected to push the retail diesel price, which stood around N1,800 and N2,000 per liter, downward nationwide.

The diesel price drop signals hope for premium motor spirit price reduction.

ZINGTIE reports that fuel prices stood between N1,350 per liter and N1,365 in most filling stations in Abuja and surrounding areas.

The volatility in domestic petrol product prices is linked to global energy price uncertainty due to the crisis in the Middle East since February 28th, 2026.

The conflict between Iran, the United States and Israel has caused a major shock in global energy prices.

Checks showed that Brent and West Texas Intermediate crude oil prices stood at $95 and $90 per barrel as of Thursday morning.

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