After TheMatrix Report, Dangote Refinery Lowers Petrol Price By ₦100 To ₦1,075

Dangote Refinery has lowered the price of its Premium Motor Spirit (PMS) popularly known as petrol by N100.

This development followed a detailed report by TheMatrix Newspaper on the failure of Dangote Refinery, Nigerian National Petroleum Company Ltd and oil marketers to bring down prices amid falling international crude price.

Read Also: Petrol Price Jumps To ₦1,175 As Dangote Refinery Adjusts Rates

In the report, TheMatrix Newspaper noted that with crude prices plummeting, industry observers and consumer advocates argue there is no economic justification for delaying a price adjustment, as marketers are quick to increase prices but slow to adjust it downwards.

Reacting, Dangote Refinery in the latest pricing template from the refinery, issued on Tuesday March 10, 2026, the price of petrol at the gantry has been reduced by ₦100, bringing it down to ₦1,075 per litre from the earlier price of ₦1,175 per litre.

Read Also: Nigerians Groan As Dangote, NNPC Ltd, Oil Marketers Hike Prices Amid Falling Crude Costs

The refinery has further stated that the price of PMS for coastal supply will now be set at ₦1,050 per litre, which accounts for a minor adjustment due to maritime distribution expenses.

In a similar manner, the cost of Automotive Gas Oil (diesel) has been lowered to ₦1,430 per litre at the gantry. This marks a reduction of ₦190 from the previous price of ₦1,620 per litre.

The refinery pointed out that the prices at the gantry do not include fees from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).