The Dangote Petroleum Refinery has reduced its diesel gantry price from ₦1,850 to ₦1,780 a litre, a cut of ₦70 or 3.8%, effective 1 October 2026, Legit.ng reported. The refinery did not link the change to the Independence Day holiday.
Cheaper Than Lagos Depots
The new price undercuts every other Lagos depot listed in the report. Eterna sold diesel at ₦1,795 a litre, a group of depots including Ascon, Ibeto and Pivot at ₦1,800, Pinnacle at ₦1,850, Matrix at ₦1,880, Rain Oil at ₦1,885 and Prudent at ₦1,890. Against the most expensive of those, Dangote's ₦1,780 is ₦110 a litre cheaper.
Petrol Eases Too
Petrol has also come down. Dangote lowered its petrol price by ₦25 to ₦1,325 a litre from ₦1,350, a 1.9% cut, and NNPC reduced its Lagos pump price from ₦1,385 to ₦1,370, Legit.ng reported on 30 September. In Abuja, NNPC moved from ₦1,430 to ₦1,405 and MRS from ₦1,395 to ₦1,370.
The report tied the decline to global oil markets, where expectations of peace talks involving the United States and Iran lowered crude prices, though supply uncertainty remains.
What It Means for Food
Diesel is the fuel that matters most for food. The trucks that carry onions, tomatoes, yams and grain from the north to Lagos run on it, and so do the generators that power mills and cold rooms. A ₦70 cut on every litre lowers the cost of each trip south.
The relief is real but modest. A 3.8% reduction in diesel does not undo the increases of recent months, and traders tend to pass on higher costs faster than lower ones. Whether the cut reaches food prices depends on how long it holds.
FoodPrices Nigeria tracks food prices across Lagos markets weekly and will watch whether cheaper diesel shows up in the cost of produce hauled from the north.