Dangote Petroleum Refinery has restarted the sale of Automotive Gas Oil (diesel) after suspending loading operations for about a week, introducing a new ex-depot price of ₦1,650 per litre.

The revised price is ₦150 higher than the previous ₦1,500 per litre, representing a 10 percent increase. The adjustment takes effect immediately as marketers resume lifting diesel from the refinery.

Diesel loading had been halted for eight days, a development that tightened supply in parts of the market and pushed many marketers to source products from private depots at higher prices.

The latest price review comes amid continued pressure in the global oil market, where crude prices have remained elevated due to renewed geopolitical tensions in the Middle East. Rising international crude prices have increased replacement costs for refiners, influencing domestic pricing decisions.

Industry observers say the renewed diesel sales at the higher rate are expected to affect ex-depot prices across the country, with distributors likely to revise their prices in response to the refinery’s new pricing level.

Ongoing instability in the Middle East has also contributed to higher shipping, freight and insurance costs for crude cargoes, adding to the overall cost of refining petroleum products.

Market participants are now watching closely to see whether sustained increases in crude oil prices will trigger further adjustments to the prices of other refined petroleum products in the coming weeks.