Dangote Increases Petrol Price to ₦1,200/Litre

On August 26, 2026, Dangote Petroleum Refinery and Petrochemicals FZE raised its Premium Motor Spirit (petrol) gantry price from ₦1,185 to ₦1,200 per litre. This increase was communicated to customers via an official notice from the refinery’s Group Commercial Operations.

The coastal price also rose from ₦1,562,265 per metric tonne to ₦1,582,380 per metric tonne. This ₦15 increase follows a previous adjustment from ₦1,165 to ₦1,185 per litre on August 21, marking a total increase of ₦35 per litre in just five days.

Customers were instructed to return existing Authorisation to Collect documents for repricing, after which new volume contracts would be issued. The price hike occurs despite a drop in international crude oil prices, with Brent crude at $88.37 per barrel, down 4.12 percent.

The relationship between crude prices and local petrol prices is complex, influenced by various factors including acquisition costs and logistics. Industry expectations suggest petrol prices could average around ₦1,250 per litre, depending on distribution costs.