Tuesday, March, 3 2026 - Nigeria’s Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by N100, raising the ex-depot price from N774 to N874 per litre, a move that could trigger fresh fuel price adjustments nationwide.
A senior refinery official confirmed the price review, saying
the change was driven by rising global crude oil costs and higher replacement
expenses.
“Yes, the price has been reviewed. The new gantry price is
now N874 per litre, up from N774. The revision became necessary due to changes
in global crude fundamentals and replacement costs,” the official said.
The adjustment comes as international crude prices climbed
above $80 per barrel, prompting the refinery to temporarily suspend petrol
loading operations from midnight on March 2, 2026. The suspension affected
petrol supply and proforma invoice issuance, although diesel production and
loading continued without disruption.
The price change is already reflected on local fuel pricing
monitoring platforms, signaling possible downstream market adjustments that
could push retail petrol prices higher across the country.
The development has already begun affecting Nigeria’s
downstream sector, with some private depot operators reportedly halting petrol
sales during trading hours as they wait for clearer pricing signals.
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