Dangote Petroleum Refinery has raised its Automotive Gas Oil (AGO) gantry price from ₦1,670 to ₦1,750 per litre, prompting several Lagos depot operators to suspend diesel sales as the market responds to the new wholesale price.
The ₦80 per litre increase, representing a 4.8 percent rise, takes effect from September 1, 2026.
The price adjustment quickly reverberated across the Lagos depot market, where diesel was selling at an average of about ₦1,700 per litre before the refinery announced the new rate.
Sources in the market said several depot owners stopped sales after receiving news of the Dangote adjustment, as operators reassessed their selling prices and replacement costs in response to the higher refinery benchmark.
The development means Dangote’s new gantry price is now ₦50 per litre above the prevailing average depot price in Lagos, putting pressure on depot operators to review their rates if they are to replenish stocks at the new wholesale cost.
In a customer communication issued on Monday, Dangote Refinery announced the revised AGO price and directed customers to return all Authority to Collect (ATC) documents for repricing.
The refinery said new volume contracts would subsequently be issued to enable loading to resume at the revised price.
The latest increase marks another upward adjustment in Dangote’s diesel pricing, with the refinery’s AGO price previously standing at ₦1,670 per litre.
The immediate response from depot operators underscores the speed at which changes in refinery-level pricing can influence wholesale diesel transactions. However, the extent to which the latest increase will translate into higher prices for end-users will depend on subsequent depot pricing, transportation costs and other distribution expenses.