The Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS), popularly known as petrol, by ₦85 per litre.
The latest adjustment raises the refinery’s gantry price from ₦1,265 to ₦1,350 per litre, with the new price taking effect from Saturday, September 12, 2026.
The increase represents a 6.7 per cent rise and marks the fourth upward review of the refinery’s petrol price since August 21.
Before the latest adjustment, Dangote Refinery had increased its gantry price from ₦1,165 to ₦1,185 per litre on August 21. It subsequently moved to ₦1,200 on August 26 and ₦1,265 on August 29.
The latest increase brings the total rise in the refinery’s petrol price since August 21 to ₦185 per litre, representing an increase of about 15.9 per cent.
Dangote Revises Coastal Delivery Price
Alongside the petrol price adjustment, the refinery also increased its coastal delivery price.
The price was raised from ₦1,669,545 to ₦1,783,530 per metric tonne.
In a circular issued to its customers, the refinery’s Group Commercial Operations directed customers to return existing Authority to Collect documents for repricing.
The company said new volume contracts would subsequently be issued to enable customers to resume loading.
Global Oil Market Pressure
The latest increase comes amid renewed pressure in international oil markets, with crude oil prices remaining elevated because of geopolitical tensions and concerns over global supply.
Brent crude has recently traded above $100 per barrel, with disruptions around the Strait of Hormuz adding to concerns about crude oil and refined petroleum product supplies.
The rise in international crude prices and replacement costs has increased pressure on domestic fuel prices, despite the growing role of local refineries in Nigeria’s petroleum supply chain.
The Dangote Refinery has increasingly become an important reference point in Nigeria’s downstream petroleum market, meaning changes in its wholesale prices can influence the prices charged by marketers and filling stations.
Following the latest adjustment, motorists and businesses are expected to face further pressure as marketers review their pump prices.
In some parts of the country, petrol prices have already risen following the refinery’s latest price adjustment, with reports of prices approaching ₦1,500 per litre in some locations.
