Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit and Automotive Gas Oil.

This marks the first downward adjustment after several sharp increases recorded in recent days.

According to the refinery’s latest pricing template released on March 10, 2026 as seen on petroleumprice.ng, the gantry price of petrol has been cut by N100 to N1,075 per litre.

This is down from N1,175 per litre previously.

The refinery also disclosed that PMS supplied through coastal distribution will now sell at N1,050 per litre.

This reflects a marginal price differential for marine deliveries.

In addition, the gantry price of Automotive Gas Oil, commonly known as diesel, has been reduced to N1,430 per litre.

This represents a N190 drop from the earlier price of N1,620 per litre.

The company noted that the quoted gantry prices exclude statutory charges imposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The price adjustment came amid a recent decline in global crude oil prices.

This decline has started to ease cost pressures across the international petroleum market.

It is influencing pricing trends in the downstream sector.

Industry analysts said the reduction could provide short-term relief for marketers and bulk buyers.

These stakeholders had been grappling with rapidly rising loading costs in recent days.

Market participants are now watching closely to see how quickly the revised ex-depot prices will cascade through depot channels.

They are also monitoring how soon this will translate into lower retail pump prices nationwide.