Dangote Refinery Increases Diesel Price to N1,800 per Litre

Dangote Refinery has increased the gantry price of Automotive Gas Oil (AGO), commonly known as diesel, to N1,800 per litre, just three days after reducing it to N1,700. This adjustment reflects ongoing fluctuations in petroleum product costs, which are a significant concern for businesses and consumers who depend on diesel for generators, commercial vehicles, and industrial equipment.

Despite the increase, Dangote's diesel price remains lower than that of several depot owners, who are selling the product at N1,905 per litre. The latest price hike could lead to increased retail prices, particularly in areas heavily reliant on diesel-powered generators.

Prior to this adjustment, diesel was priced between N1,960 and N1,980 per litre in Abuja. The increase follows a recent reduction of N80 per litre, which had brought the price down from N1,780 to N1,700.

The adjustment also coincides with elevated international crude oil prices, with Brent crude trading at $104 per barrel and West Texas Intermediate at $91 per barrel.