The Dangote Petroleum Refinery has dropped its depot price for diesel by ₦200 per litre, bringing the cost down from ₦1,800 to ₦1,600, effective May 26.
The reduction comes as fresh fuel imports began offloading at Nigerian ports, boosting overall supply and intensifying competition in the downstream sector. Industry sources say the timing is no coincidence — the arrival of imported petroleum products applied direct pressure on local pricing.
A spokesperson for the Petroleum Products Retail Outlets Owners Association of Nigeria confirmed the link between the price cut and incoming import shipments, noting that market conditions shifted noticeably once vessels began discharging their cargo.
The development follows a period of tension between fuel marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority over the approval of import licences. With several marketers now cleared to bring in products, the added supply appears to be doing what regulators and consumers had hoped — pushing prices down.
For businesses heavily reliant on diesel — from manufacturers to logistics operators — the reduction offers some financial breathing room, provided the trend holds. Industry analysts say sustained price relief will depend on whether import volumes remain consistent and market competition stays strong.
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