Business News
Again, Dangote refinery hikes petrol price
The Dangote Refinery has announced an increase in the gantry price of Premium Motor Spirit (PMS), raising it from ₦1,175 to ₦1,245 per litre, a ₦70 hike.
The new price is set to take effect from 12:00 a.m. on March 21, 2026, and will apply to all outstanding and unloaded product volumes.
In addition, the refinery adjusted its coastal supply price from ₦1,512,648 to ₦1,606,518 per metric tonne.
The adjustment was attributed to the persisting global geopolitical tensions.
The refinery clarified that customers holding valid Bank Guarantees may continue loading under their current arrangements, provided they settle the price difference.
All such differential payments must be completed by March 23, 2026.
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