Again, Dangote Refinery Increases Petrol Price

Dangote Refinery has announced a price adjustment for Premium Motor Spirit (PMS), increasing the gantry price from ₦1,175 to ₦1,245 per litre — a rise of ₦70 per litre.

The revised rate will take effect from 12:00 a.m. on March 21, 2026, and will apply to all outstanding and unloaded volumes.

Additionally, the refinery increased 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.