Dangote Refinery has again announced a cut in the price of its diesel, bringing further relief to Nigerians who have been grappling with high energy costs. In a statement issued yesterday, the company confirmed that the product would now sell for N875 per litre in Lagos, down from N890. Similarly, prices have dropped in other parts of the country: N885 per litre in the South West, N895 per litre in the North West and North Central, and N905 per litre in the South East, South South, and North East.
The company stated that these new prices will take effect immediately and will be available through its growing list of distribution partners. These include major marketers like MRS, Ardova (formerly AP), Heyden Petroleum, Optima Energy, Techno Oil, and Hyde Energy. Dangote Refinery also used the opportunity to invite more marketers to come onboard, aligning with the Federal Government’s “Nigeria First” policy. This policy is aimed at encouraging the consumption of locally produced goods and services as a way of strengthening the country’s economy and creating jobs.
This latest price slash is part of a series of cost-reduction measures Dangote Refinery has been implementing since the beginning of its operations. In February 2025, the company had introduced two separate price cuts on diesel, which brought the pump price down by a total of N125 per litre. This was followed by another reduction of about N45 per litre in April.
These efforts are being hailed as tangible benefits for the average Nigerian. Diesel is a critical fuel used in transportation, manufacturing, agriculture, and electricity generation. Any price adjustment has ripple effects across several sectors of the economy. For instance, logistics firms, factory owners, and small businesses that depend on diesel generators for power have expressed cautious optimism that the savings will help them manage rising operational costs.
Dangote Refinery’s management reiterated that its long-term goal is to make fuel products more accessible and affordable to Nigerians by maximizing local refining capacity and reducing the country’s reliance on imported petroleum products. The 650,000 barrels-per-day refinery, which began partial operations earlier this year, is Africa’s largest and is expected to transform Nigeria’s energy landscape.
Industry experts have noted that if sustained, these price reductions could lead to broader economic relief and potentially force other importers and marketers to review their prices downwards in a bid to remain competitive. Some are even suggesting that this could be the beginning of a more stable and consumer-friendly pricing era in the country’s oil and gas sector.
The company also emphasized its commitment to working hand-in-hand with government regulators, independent marketers, and other key stakeholders to ensure transparency and fairness in pricing. It expressed hope that more industry players will join its partnership network, helping to improve nationwide distribution and reduce artificial scarcity in some parts of the country.
Consumers, on their part, have welcomed the development but are calling for proper monitoring to ensure that the new prices are reflected at the retail outlets across the country and not hijacked by middlemen or hoarders.
As Nigeria continues its journey toward energy independence, moves like these by Dangote Refinery could significantly contribute to the broader national goal of economic stability and industrial growth.
