By Achile Danjuma
In a significant move poised to influence the domestic energy market, the Dangote Refinery has announced a substantial reduction in the ex-depot (gantry) price of Premium Motor Spirit (Petrol), effective March 10, 2026.
According to the refinery’s latest pricing template released today, the price of petrol has been reduced by ₦100 per litre. The product will now be available at the gantry for ₦1,075 per litre, a decrease from the previous rate of ₦1,175.
In a strategic adjustment for maritime logistics, the refinery has also set a specialised price for petrol destined for coastal supply. This rate will be ₦1,050 per litre, reflecting a slight modification to accommodate the additional costs associated with maritime distribution.
Concurrent with the petrol price cut, the refinery has also lowered the cost of Automotive Gas Oil (diesel). The price at the gantry has been reduced to ₦1,430 per litre, marking a significant drop of ₦190 from the former price of ₦1,620 per litre.
The refinery clarified that these new gantry prices are exclusive of charges levied by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This clarification provides a more transparent view of the base cost of the products before statutory fees are applied.
These reductions are expected to have a ripple effect on consumer prices and overall transportation costs across the country.