Dangote refinery raises petrol price to N1,350 per litre

The Dangote Petroleum Refinery has increased the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by 6.7 per cent.

The new price is N1,350 per litre, up from N1,265, and took effect on Saturday, September 12, 2026.

The refinery also increased its coastal price from N1,669,543 to N1,783,530, representing an increase of N113,987 or 6.8 per cent.

In a memo to customers, Dangote Petroleum Refinery announced the revised prices, saying: “Dear valued customer, please find below the revised DPRP PMS gantry and coastal price which is effective 12th September 2026.”

The refinery also directed customers with existing loading arrangements to return their Automated Truck Certificates, ATCs, for repricing.

It said: “You are advised to return all ATCs for repricing and a new volume contract will be issued for immediate loading resumption.”

The latest adjustment is expected to increase the acquisition cost of petrol for marketers sourcing supplies from the refinery and could put upward pressure on pump prices.

The increase comes amid renewed volatility in the international crude oil market, with Brent crude recently trading above $100 per barrel.

Nigeria’s downstream petroleum market operates under deregulation, with petrol prices influenced by crude oil costs, refining expenses, foreign exchange, logistics and market forces.

Consequently, the new Dangote price is expected to trigger reviews by marketers, although the extent of any adjustment at filling stations will depend on transportation, distribution costs, competition and prevailing market conditions.

The Dangote refinery has emerged as a major supplier of locally refined petrol as Nigeria seeks to reduce its dependence on imported petroleum products.

The latest increase could therefore have implications for consumers and businesses if marketers pass the higher acquisition cost through to retail prices.

Marketers are now expected to adjust their purchase and selling prices in response to the new Dangote petrol rates.

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