Dangote Petroleum Refinery has reduced its ex-depot gantry prices for petrol and diesel amid ongoing global crude volatility. providing relief after days of sharp hikes triggered by global crude volatility.
According to the petroleum pricing template released today, Premium Motor Spirit (PMS/petrol) drops by ₦100 to ₦1,075 per litre from ₦1,175 yesterday Automotive Gas Oil (AGO/diesel) falls by ₦190 to ₦1,430 per litre from ₦1,620.
Coastal/marine-supplied petrol is now at ₦1,050 per litre, offering a slight edge for sea-route distributors.
This is the first cut following rapid increases: from ₦774 in early March to ₦874, ₦995, then ₦1,175 for petrol with diesel following suit.
The upward trend stemmed from Middle East tensions US-Israel-Iran conflicts spiking crude prices and replacement costs.
These gantry prices are what marketers pay at the refinery gate. Retail pump prices will adjust gradually over 1–2 days, influenced by transport, margins, NMDPRA fees, and location.
Recent pump averages hovered ₦1,200–₦1,400; expect easing in many areas, especially for diesel-reliant industries and logistics.
This breather offers hope in a volatile market—though further shifts remain possible
Administrator and Writer
