Dangote Refinery Raises Petrol Price by N100 Nationwide, New Pump Price Hits N839 Per Litre

Dangote Petroleum Refinery has announced a nationwide increase of ₦100 per litre in the price of Premium Motor Spirit (PMS), sparking fresh concerns over a possible surge in fuel prices across Nigeria’s downstream sector.

In a statement released on Monday, the $20bn Lagos-based refinery confirmed that its petrol gantry price has risen to ₦799 per litre, while the recommended retail price now stands at ₦839 per litre. This marks a sharp jump from the ₦699 gantry price and ₦739 pump price that had been maintained since December 2025.

“Under the current alignment, the PMS gantry price is ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre,” the company said.

The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the facility continues to supply the Nigerian market with about 50 million litres of petrol daily, adding that evacuation and nationwide distribution are proceeding without disruption.

Despite this assurance, market watchers say the price adjustment could set off another round of increases across filling stations nationwide. As of Monday night, several retail outlets, including those operated by the Nigerian National Petroleum Company Limited (NNPCL), were already dispensing petrol at prices ranging between ₦805 and ₦830 per litre.

Industry data previously cited by energy intelligence firm Kpler indicated that Dangote Refinery had turned to petrol imports in recent weeks to supplement supply due to downtime at its Residual Fluid Catalytic Cracker (RFCC) unit.

The development represents a notable shift from the refinery’s earlier pricing stance. In December 2025, Aliko Dangote, president of the Dangote Group, publicly pledged to keep the retail price at ₦739 per litre nationwide in a bid to undercut fuel importers.

“We don’t want people to sell petrol for more than ₦740 nationwide,” Dangote told journalists during a briefing on December 14.

With the latest increase, analysts warn that transport costs, food prices and inflationary pressures could come under renewed strain in the coming days.