Dangote lowers diesel price as crude falls
Dangote Petroleum Refinery has reduced the gantry price of diesel by N80 to N1,700 per litre, following a drop in international crude oil prices. Read More: https://punchng.com/dangote-lowers-diesel-price-as-crude-falls/
Dangote Petroleum Refinery has cut the price of Automotive Gas Oil (diesel) by N80, reducing it from N1,780 to N1,700 per litre, effective from October 7, 2026. This 4.5% decrease comes as crude oil prices fall and diesel import costs decline, with Brent crude dropping to around $98 per barrel before stabilising at $100. The refinery's latest price cut brings its diesel price close to the import-parity cost, marking the second reduction within a month.
The decline in diesel prices may impact depot prices and influence diesel pricing across the market, particularly for bulk consumers and businesses reliant on AGO for power generation and operations.
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- Dangote lowers diesel price as crude falls punchng.com
