Business
Dangote Refinery slashes diesel prices, now cheaper than NNPC petrol
Dangote remains a big influence in the pricing of petroluem products in Nigeria Dangote remains a big influence in the pricing of petroluem products in Nigeria
Dangote Petroleum Refinery has slashed the ex-depot price of Automotive Gas Oil (AGO), also known as diesel, to N910 per litre.
The new price is a N50 drop when compared to N960 per litre sold previously, and this is expected to spark price competition.
The new diesel price was confirmed in a notice issued by the Refinery’s Group Commercial Operations to customers.
The message reads:
“Please be informed that the gantry price for Automotive Gas Oil (AGO) has been revised from N960/Litre to N910/Litre effective October 15th, 2025.”
The company thanked customers for their continued support and reaffirmed its commitment to providing reliable and competitive energy solutions.
Impact of the new Dangote diesel price
Dangote’s lower price of N910 per litre is now setting a new benchmark in the market.
PetroleumPriceng reported that depots such as Pinnacle Oil (₦N946), AITEO (N960), NIPCO (N955), TTIME (N948), and Integrated Oil (N948) have also slightly reduced their prices.
The price cut is expected to bring relief across industries, from long-haul truckers to manufacturers and small and medium enterprises (SMEs), where diesel is a key input in their operations.
For the general public, the lower price, if sustained, could help ease inflationary pressures on goods and services.
Dangote diesel is cheaper than NNPC petrol
With its latest diesel price slash to N910 per litre, the refinery now sells diesel at a lower rate than the Nigerian National Petroleum Company Limited (NNPCL) petrol price.
On Monday, October 13, the NNPC increased its petrol price in Lagos and other states,Punch reports.
Analysis by Legit.ng on the new prices across the states showed that in Lagos, motorists now pay N922 per litre, up from N870, while in Abuja, the price has risen to N955 from N905.
A state-by-state breakdown shows that the highest price is in Kwara, where petrol now sells for N975 per litre, followed by Gombe and Sokoto at N965.
Also, other filling stations have increased their petrol prices to above N900.
An aircraft belonging to Enugu Air has crashed at Benin City airport in Edo State.
The incident reportedly occurred on Thursday afternoon.
A video of the incident was shared on social media by an X user identified as @Oyindamola
“Enugu Air aircraft crash lands in Benin Airport this afternoon,” the X user wrote.
DAILY POST reports that the Enugu Air is owned and operated by the Enugu State government.
There’s was no official statement on the matter by the aviation authorities at the time of filing in this report.
Watch video.…For more, Complete your reading.
The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of Premium Motor Spirit, PMS at its retail outlets for the second time in less than two days.
A market survey by DAILY POST showed that NNPCL raised its petrol price to N1,335 per litre on Wednesday from N1,270 per litre on Tuesday.
This means that the state-owned filling station increased its fuel price by N65 per litre.
The new price has been implemented at NNPCL filling stations in Wuse Zone 6 (Berger), Zone 4, and other outlets in Abuja and its environs.
Recall that on Tuesday, NNPCL increased its petrol pump price by N115 per litre to N1,270 per litre.
The latest increase comes amid continued petrol price volatility in the country’s downstream oil sector following Dangote Refinery’s resumption of the sale of refined petroleum products in U.S. dollars.
DAILY POST reports that crude oil prices rose by nearly 4 percent on Wednesday as airstrikes intensified in the Middle East.…For more, Complete your reading.
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