Depot Owners Beat Dangote’s Diesel Gantry Price by ₦15/Litre

Private depot owners in Lagos have priced diesel below Dangote Petroleum Refinery’s latest gantry rate, with a huge number of monitored suppliers quoting ₦1,705 per litre against the refinery’s ₦1,720 per litre.

The quotations, monitored by Petroleumprice.ng on Tuesday, put the average Lagos depot price at ₦1,705 per litre, representing a ₦15 difference, or 0.87 per cent below Dangote’s current rate.

Amongst the monitored depot includes Duport, Integrated, T.Time, Ibachem, Gulf Treasure, African Terminal, Ibeto and Ascon maintained the same selling price, indicating a uniform quotation across the monitored suppliers.

Dangote Refinery had reduced its diesel gantry price by ₦120 per litre, from ₦1,840 to ₦1,720, representing a 6.5 per cent cut. The adjustment followed a period of elevated diesel prices, with depot quotations in Lagos and Warri previously reaching ₦1,900 per litre.

The latest depot quotations place private suppliers below the refinery’s revised benchmark, although the ₦15-per-litre gap remains relatively narrow.

For bulk buyers and petroleum marketers, the lower depot prices offer a marginal procurement advantage over direct gantry purchases. However, the final cost of supply will depend on additional expenses, including transportation, handling and other distribution charges.