The Dangote Petroleum Refinery has reduced the price of Automotive Gas Oil, also known as diesel, by ₦200 per litre.
The new price is ₦1,600 per litre at the depot level, down from ₦1,800.
The change took effect on May 26, 2026, as fresh imported fuel cargoes began arriving in Nigeria.
Industry players said the arrival of imported petroleum products increased supply and competition in the downstream oil sector.
A representative of the Petroleum Products Retail Outlets Owners Association of Nigeria said the price cut followed the landing of imported fuel shipments.
He noted that the situation in the market shifted after import vessels started discharging products in the country.
Import Licences And Market Pressure
The development comes after disagreements between marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority over the issuance of import licences.
Some marketers had been approved to bring in fuel, which has added more supply to the market.
Industry watchers say the price drop may reduce transport and operating costs if it remains steady.
Many businesses that depend on diesel for production and logistics may feel some relief from the reduction.
The price cut shows how import activity and regulatory decisions can directly affect fuel prices in Nigeria’s downstream sector.
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