The Dangote Petroleum Refinery has increased the gantry price of Automotive Gas Oil, AGO, commonly known as diesel, by ₦100 per litre to ₦1,850. The new price takes effect from 12:00 a.m. on Friday, September 4, 2026, Petroleumprice.ng has gathered.
The new price represents a 5.7% increase from the previous ₦1,750 per litre rate.
The latest adjustment extends a series of upward revisions by the refinery. Its diesel gantry price had earlier risen from ₦1,670 to ₦1,750 per litre, meaning the latest move brings the cumulative increase across the two revisions to ₦180 per litre.
The development comes against a backdrop of rising international oil prices. As of 12:10 p.m. West Africa Time on Thursday, Brent crude was trading at $97.29 per barrel, up $1.66, or 1.74%, while West Texas Intermediate (WTI) stood at $92.77 per barrel, representing a $1.76, or 1.93%, gain.
The stronger crude market is coinciding with disruptions to refining operations in parts of the Middle East and Russia, tightening the availability of refined petroleum products in the international market.
Market analysts have increasingly identified constrained refining capacity as a major source of pressure, alongside crude supply concerns. The disruptions are expected to keep global supplies of products such as petrol and diesel under pressure into 2027.
For Nigeria’s downstream market, the new Dangote benchmark could put upward pressure on diesel prices as marketers and depot operators reassess their replacement costs.
However, the extent to which the adjustment feeds into wholesale and retail diesel prices will depend on market conditions, including product availability, transportation costs, demand and trading margins.
The impact could be particularly significant for businesses and industrial users that depend on diesel for power generation, transportation and other commercial operations.
The latest increase also highlights the growing sensitivity of local refined-product prices to movements across both domestic refining and international oil markets.