KEY POINTS
- Dangote Refinery has raised petrol prices by ₦100 per litre, with gantry price now at ₦799 and retail price at ₦839 nationwide.
- The refinery says it still supplies about 50 million litres of PMS daily and maintains nationwide distribution.
- The hike may lead to broader increases in pump prices across Nigeria’s downstream petroleum market.
The price of Premium Motor Spirit (PMS), which is also known as petrol, has gone up by ₦100 per litre across Nigeria. This is a big change in the price of fuel in Nigeria.
The $20 billion refinery said in a statement on Monday that its gantry price, which is the price that marketers pay to get petrol from the refinery, has gone up to ₦799 per liter.
The new retail petrol price at partner stores is now ₦839 per liter. This is an increase from the previous prices of ₦699 and ₦739 per liter at the gantry and retail stores, which had been in place since December 2025.
The refinery says that the new prices are already in effect across the country. The company said, “The PMS gantry price is ₦799 per liter, and the MRS retail outlets are selling at ₦839 per liter.”
Daily Supply of 50 Million Litres Continues
Even though the price went up, Dangote Petroleum Refinery said it would still supply the domestic market with a lot of petrol.
David Bird, the CEO of Dangote Petroleum Refinery, said that the company still sends about 50 million liters of PMS to the Nigerian market every day. He also said that the evacuation and distribution of gas across the country are going well.
Bird said that the refinery is still focused on making sure that fuel is available in the country and reducing its reliance on imports, even though it is having trouble with some of its processing units.
Imports Used to Cover Production Gap
Market research company Kpler recently reported that Dangote Refinery had to import gasoline to make up for a lack of local supply after its Residual Fluid Catalytic Cracker (RFCC) unit, which is an important part of turning heavier petroleum fractions into lighter products like gasoline, went down.
The temporary importation is meant to keep production levels up and meet market demand while repairs and improvements are being made at the refinery.
The rise at Dangote Refinery is likely to affect pump prices in Nigeria’s downstream oil sector.
As of Monday night, some stores, including those run by the Nigerian National Petroleum Company Limited (NNPCL), were already selling petrol in major cities for between ₦805 and ₦830 per litre. Analysts say that other marketers may raise their prices in response to Dangote’s new higher standard.
