- Dangote Refinery increased its diesel gantry price by ₦100 per litre to ₦1,800, just three days after reducing it by ₦80.
- The new price remains ₦105 below depot prices, while the adjustment could push diesel retail prices higher in Abuja and surrounding areas.
Dangote Refinery has raised its gantry price for Automotive Gas Oil (AGO), commonly known as diesel, from ₦1,700 to ₦1,800 per litre, reversing part of a price reduction it introduced three days earlier.
A market survey by DAILY POST on Saturday, October 10, 2026, showed that the refinery increased its price by ₦100 per litre after cutting it from ₦1,780 to ₦1,700 on October 7.
Despite the latest adjustment, the Dangote Refinery continues to offer diesel at prices below prevailing depot prices. Depot operators, including Pivot, African Terminal and Integrated, sold the product at approximately ₦1,905 per litre, leaving the refinery’s price ₦105 lower.
The increase could place additional pressure on diesel-dependent businesses, manufacturers and transport operators that rely on the fuel to power equipment, support logistics and maintain operations. Higher wholesale prices could also translate into increased operating costs for businesses and consumers if retailers pass on the additional expense.
In Abuja and its surrounding areas, diesel retail prices currently range between ₦1,960 and ₦1,980 per litre, according to the report. The latest gantry price adjustment could push retail prices above that range, depending on distribution costs and individual marketers’ pricing decisions.
The price movement comes amid elevated international crude oil prices. As of the report’s publication, Brent crude traded at approximately $104 per barrel, while West Texas Intermediate (WTI) stood at $91 per barrel. Changes in crude oil prices can influence refining economics and petroleum product pricing, although the refinery did not publicly state a specific reason for this latest adjustment in the report.
The reversal follows a brief period of relief for diesel buyers after the October 7 reduction. The latest increase highlights continuing price fluctuations in Nigeria’s downstream petroleum market, where refinery gate prices, depot charges and distribution expenses influence the final cost to consumers.
Market participants will monitor subsequent price movements to determine whether the adjustment leads to further increases in depot and retail diesel prices.