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New rates emerge as depot owners raise diesel price again after Dangote Refinery suspends loading

Naija News • 1h ago
New rates emerge as depot owners raise diesel price again after Dangote Refinery suspends loading
The Dangote Refinery has suspended diesel loading and sales, raising concerns among fuel marketers Depot operators across Lagos increased diesel prices to about N1,200 per litre on March 5, 2026 The new prices represent roughly a 12% increase compared with the previous day’s average depot rates Oluwatobi Odeyinka is a business editor at Legit.ng, covering energy, the money market, technology and macroeconomic trends in Nigeria. The Dangote Petroleum Refinery has suspended diesel (Automotive Gas Oil – AGO) loading and sales, a move that coincided with fresh price increases by depot operators in major supply hubs. Depot operators across Lagos increased diesel prices to about N1,200 per litre on March 5, 2026. Photo: Bloomberg, Pius Utomi Ekpei. Source: Getty Images Market checks by Pe...
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