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Again, Dangote refinery hikes petrol price

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4 months ago

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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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Pearl Essien is a digital content creator and a graduate of the prestigious University of Calabar. With over four years of experience in writing, she specializes in crafting engaging stories that inform and inspire readers. Outside of her work, Pearl enjoys storytelling, reading, and playing table tennis, bringing the same curiosity and passion to her hobbies as she does to her writing.

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