Dangote Refinery Cuts Diesel Price Amid Fresh Fuel Imports

Dangote Petroleum Refinery has slashed the ex-depot price of Automotive Gas Oil (AGO), commonly known as diesel, by N200 per litre following the arrival of newly imported petroleum products into Nigeria.
The latest adjustment reduces the refinery’s gantry price from N1,800 per litre to N1,600 per litre, a move that has generated reactions across the downstream oil sector.
Industry stakeholders disclosed that the new price regime took effect on Monday, May 26, amid growing competition between local refiners and fuel importers.
The price cut comes as several petroleum marketers reportedly resumed the importation of refined petroleum products after obtaining approvals from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Operators in the sector believe the refinery’s decision may be linked to the renewed influx of imported diesel cargoes into the Nigerian market.
Commenting on the development, the National Public Relations Officer of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Joseph Obele, said the arrival of imported products may have influenced the refinery’s latest pricing decision.
According to him, marketers recently received imported petroleum shipments, triggering a fresh wave of competition within the downstream sector.
“Dangote Refinery recently filed a legal action after the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) approved import licences for some marketers to bring petroleum products into the country,” Obele said.
“Over the weekend, some vessels carrying imported products reportedly arrived, and shortly after, the refinery reduced the gantry price of diesel from N1,800 to N1,600 per litre.”