Nigeria’s fuel market has seen a fresh price adjustment following a new move by the Dangote Refinery. According to the update, the refinery has reduced the cost of both petrol (premium motor spirit) and diesel, with the changes reflecting revised ex-depot pricing in the country.
The ex-depot price of petrol has been cut to N1,250 per litre, down from the previous rate of N1,275 per litre. This represents a reduction of N25 for each litre of petrol sold under the new pricing framework. For consumers and fuel distributors tracking official cost changes, the downgrade signals a slight easing of costs compared with the immediately prior ex-depot figure.
Diesel pricing also moved downward. The ex-depot price of diesel has been set at N1,700 per litre, reduced from N1,800 per litre previously. In practical terms, this means diesel is now N100 cheaper per litre at the ex-depot level. As with petrol, the price cut is tied to Dangote Refinery’s latest pricing action, which industry stakeholders typically view as an important reference point for downstream pricing across fuel distribution channels.
While the announcement highlights ex-depot figures specifically, the significance goes beyond the refinery gates. In Nigeria, ex-depot prices often influence how fuel is priced by marketers, transport operators, and retailers—especially in periods when consumers are sensitive to changes in pump prices. Even relatively small adjustments can ripple through the supply chain, affecting transportation costs and, by extension, prices of goods and services.
Dangote Refinery’s decisions are closely watched because the refinery is among the major players supplying Nigeria’s refined petroleum needs. When it adjusts prices, the market tends to respond through price alignment, competition among marketers, and revisions to inventory valuation. Distributors may also adjust procurement strategies depending on whether they anticipate further price changes.
For petrol users, the reduction from N1,275 to N1,250 per litre may be expected to improve affordability slightly, though the final cost at retail outlets can depend on additional factors such as distribution margins, logistics costs, and local supply-demand dynamics. For diesel users—particularly generators, industrial operators, and transport services—the cut from N1,800 to N1,700 per litre could be more impactful on operating expenses, since diesel is widely used in power generation and commercial activities.
This development comes as Nigerians continue to monitor energy prices closely due to broader economic pressures and the persistent role of petroleum products in daily life and economic activity. Any official change by a leading refinery can influence public expectations and can also affect broader discussions about fuel pricing transparency, market stability, and the extent to which pricing moves are passed through to consumers.
The update also frames the adjustments clearly in per-litre terms, making the changes straightforward to compare. Petrol’s price reduction of N25 per litre and diesel’s reduction of N100 per litre provide measurable indicators of how the market conditions are being recalibrated.
Overall, Dangote Refinery’s latest cuts suggest an attempt to recalibrate fuel costs in Nigeria, at least at the ex-depot level. Whether the reduction leads to proportionate declines at filling stations will depend on how marketers and other intermediaries respond. Still, the new ex-depot prices offer a concrete reference for market participants and are likely to be used to guide subsequent pricing decisions across the distribution network.
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Nigeria Stories: BREAKING: Dangote Refinery cuts petrol and diesel prices. Ex-depot price of petrol to N1,250 per litre from N1,275 per litre, while diesel was cut to N1,700 per litre from N1,800 per litre.. #breaking
— @NigeriaStories May 1, 2026
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