The Dangote Petroleum Refinery and Petrochemicals FZE has reduced its Automotive Gas Oil (AGO) gantry price from ₦910 per litre to ₦880 per litre, marking a ₦30 cut.
Petroleumprice.ng learned from refinery sources that the new rate took effect on February 12, 2026. This is the refinery’s first diesel price reduction since December 4, 2025.
Push to Support Industrial Growth
The adjustment reflects Dangote Refinery’s stated commitment to support Nigeria’s industrialisation drive. Diesel powers factories, logistics fleets, and small businesses across the country. Lower gantry prices can therefore ease operating costs for manufacturers.
As a result, businesses may gain more room to manage production expenses, which could help moderate the prices of goods over time. Energy remains one of the largest cost components in Nigeria’s manufacturing sector.
Depot Competition Tightens
The price cut also comes amid growing competition in the Lagos depot market.
As of February 12, 2026, several private depots had reduced their AGO prices to ₦902 per litre:
LAGOS DEPOTS (AGO)
Duport == ₦902
Ibachem == ₦902
Integrated == ₦902
Those rates were ₦8 below Dangote’s previous ex-depot price of ₦910 per litre. However, with the new gantry rate now at ₦880, the refinery has moved below the prevailing private depot levels.
Market observers expect fresh adjustments across competing depots in the coming days as operators respond to the revised benchmark.