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Dangote Slashes Petrol Price Again – Diesel Also Gets Massive Cut!

by Emerald News Reporter
August 5, 2026
in Economy
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Good news for Nigerians – Dangote Refinery is dropping prices once more.

Africa’s biggest refinery has slashed the ex-depot price of Premium Motor Spirit (petrol) from N1,215 to N1,165 per litre – a N50 reduction.

But that’s not all. Diesel (Automotive Gas Oil) also took a dive, falling from N1,650 to N1,570 per litre – an N80 cut.

The new prices, announced on Wednesday, take effect immediately. According to the refinery, the move is part of its “ongoing efforts to improve energy affordability, expand access, and support economic activities across Nigeria.”

In a statement, Dangote Refinery reaffirmed its commitment to “providing affordable, high-quality petroleum products” while strengthening Nigeria’s energy security and reducing reliance on imports.

Also Read:

Dangote Drives Nigeria’s Petrol Prices Lower

Global investors commit $2.5bn to Dangote Refinery

Nigeria  fuel prices fall again

Nigeria’s Fuel Prices May Fall Further as More Filling Stations Prepare Fresh Cuts

Bottom line: Cheaper fuel, less import dependency, and more relief for businesses and consumers. Will the savings reach your pump? That’s the next big question.

 

Tags: Dangote refinerypetrol price reduction
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