Dangote Refinery Raises Petrol Price By N15 To N1,200 Per Litre

Dangote Refinery Raises Petrol Price by N15 to N1,200 Per Litre

The Dangote Petroleum Refinery has increased the gantry price of Premium Motor Spirit PMS, commonly known as petrol, by N15 per litre. The new price takes effect from Wednesday, August 26, 2026, with the refinery’s PMS gantry price rising from N1,185 to N1,200 per litre. The latest adjustment comes despite a recent decline in international crude oil prices, with Brent crude reportedly falling by about 5%. The increase could have implications for petrol marketers and consumers, depending on how the new refinery price is reflected across the downstream petroleum market. The Dangote refinery has become a major supplier of refined petroleum products in Nigeria as the country continues to adjust to changing market conditions and developments in global crude oil prices. The latest price change is expected to attract attention from marketers, transport operators and consumers, particularly amid continued concerns over the cost of transportation and other goods and services linked to fuel prices. Further developments in the domestic petroleum market are expected as marketers respond to the new gantry price.