JUST IN: Dangote Refinery Slashes Gantry Diesel Price to ?910/Litre Yoruba Council Warns of Plot to Sabotage Dangote Refinery

In a move set to immediately impact Nigeria’s transport and industrial sectors, Dangote Refinery has slashed its gantry diesel price from ?950 to ?910 per litre, representing a 4.21% reduction. A correspondent from Depotdata.ng sighted the (PFI) Proforma invoice confirming this adjustment, which comes barely a month after the November 6 increase. The move signals a strategic response to declining global crude cycles, improved domestic intake, and rising seasonal energy demand.

Refinery Acts Fast as Crude Prices Ease

Reacting to rapidly changing market fundamentals, the refinery swiftly reduced its diesel rate after international crude oil prices weakened. This eased feedstock pressures and created room for a downward adjustment. Additionally, enhanced crude intake through better NNPCL vessel scheduling has strengthened the refinery’s capacity to stabilise supply and ensure a consistent market flow.

With the festive season driving up industrial energy consumption, manufacturers, logistics operators, and SMEs faced rising operational costs. Dangote Refinery’s price cut comes as a deliberate intervention to ease financial pressures and boost confidence in the downstream market.

Industry analysts highlight three key drivers behind the price reduction:

Global crude price declines, enabling refiners to recalibrate output costs.

Improved domestic crude intake and predictable NNPCL flows, enhancing operational efficiency.

Seasonal economic pressures, necessitating strategic support for industrial consumers.

By acting decisively, the refinery reinforces its role as a stabiliser in Nigeria’s energy landscape, responding directly to market signals and national economic needs.

As the new price takes effect, transporters, manufacturers, and power-dependent SMEs are expected to experience immediate cost relief, setting a positive tone for end-of-year operations across multiple sectors.