Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦100 per litre.
According to the refinery’s latest pricing template released on March 10, 2026, the ex-gantry price of petrol has dropped to ₦1,075 per litre, down from the previous price of ₦1,175 per litre.
The refinery also revealed that petrol supplied through coastal distribution channels will now cost ₦1,050 per litre. The slight price difference reflects additional logistics and maritime distribution costs involved in transporting the product.
In addition to the petrol price cut, the refinery reduced the cost of Automotive Gas Oil (diesel). The new diesel price at the gantry is ₦1,430 per litre, representing a reduction of ₦190 from the earlier price of ₦1,620 per litre.
The refinery clarified that the announced gantry prices do not include statutory charges imposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
Industry analysts say the price adjustment could influence fuel prices across the country, depending on distribution costs and market dynamics.
