The Dangote Petroleum Refinery has raised its gantry price for Automotive Gas Oil (AGO), commonly known as diesel, by N100 to N1,850 per litre, as rising international crude prices and tightening refined-product supplies put fresh pressure on Nigeria’s downstream market.
The new price, which takes effect from 12:00 a.m. on Friday, represents a 5.7 percent increase from the previous N1,750 per litre, according to a note on Petroleumprice.ng.
It marks the second upward adjustment in the refinery’s diesel price in less than a month. The latest increase reverses some of the price relief seen earlier in August, when Dangote cut its diesel price by N80 to N1,570 per litre.
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The refinery subsequently raised prices to N1,750 before the latest adjustments. Despite these fluctuations in pricing, the refinery’s pricing has become increasingly important to marketers as its rates remain competitive with other Lagos depots.
