The Dangote Petroleum Refinery has once again adjusted its fuel prices downward, cutting the cost of diesel and aviation fuel at its loading gantry just days after reducing petrol prices.
The latest move has intensified expectations of further relief across Nigeria’s downstream petroleum market as global crude oil prices ease.
Diesel and Aviation Fuel Get ₦100 Price Cut
In the new pricing update, the refinery reduced the price of Automotive Gas Oil (diesel) by ₦100 per litre.
Diesel, which previously sold for ₦1,700 per litre, now goes for ₦1,600 per litre at the gantry.
Aviation Turbine Kerosene (jet fuel) also recorded a similar ₦100 reduction, dropping from ₦1,550 per litre to ₦1,450 per litre.
These adjustments follow a recent cut in petrol prices, signalling a broader downward pricing trend across the refinery’s product lines.
Petrol Price Drop Sparks Market Reactions
Just days earlier, the refinery reduced the gantry price of Premium Motor Spirit (petrol) by ₦75, bringing it down from ₦1,250 per litre to ₦1,175 per litre.
The successive price reductions have been linked to falling global crude oil prices, driven in part by easing geopolitical tensions in the Middle East.
Industry analysts say the moves are already influencing the wider petroleum distribution chain, with depot owners beginning to adjust their rates in response.
Pump Prices Yet to Reflect Changes Nationwide
Despite the ex-depot adjustments, petrol prices at filling stations across the country have remained largely unchanged.
Many outlets were still selling petrol at around ₦1,280 per litre as of Tuesday, indicating a delay in retail-level price transmission.
Marketers attribute this lag to the need to first exhaust existing stock purchased at higher rates before implementing new pricing.
Reports also suggest that ex-depot prices at some private depots have dropped to around ₦1,180 per litre, raising expectations of a gradual reduction in pump prices in the coming days.