The ÆŠangote Refinery has reduced the ex-depot prices of Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (AGO), commonly called diesel.
The new adjustment comes after several recent increases in fuel prices.
According to the refinery’s latest pricing template released yesterday March 10, 2026, the gantry price of petrol has been reduced by ₦100 per litre. The price dropped from ₦1,175 to ₦1,075 per litre.
The company also stated that petrol supplied through coastal distribution channels will now cost ₦1,050 per litre. This price reflects a slight difference for products delivered through marine transport.
Similarly, the price of Automotive Gas Oil (diesel) has also been lowered. The gantry price for diesel has dropped to ₦1,430 per litre, representing a reduction of ₦190 from its previous price of ₦1,620 per litre.
The refinery noted, however, that these gantry prices do not include regulatory charges imposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
