Thursday, April 30, 2026 - The Dangote Refinery has increased its petrol price, raising its ex-depot price of Premium Motor Spirit by N75 per litre, while also suspending product sales following a disruption in its Proforma Invoice process.
Price data from Petroleumprice.ng and confirmation from a
Dangote refinery official on Wednesday showed that the petrol loading price
rose from N1,200 per litre to N1,275 per litre, while coastal supply prices
increased to N1,215 per litre.
The change followed operational adjustments and has started
affecting the downstream petroleum market.
The official confirmed the development, saying
“Yes, the
increase of PMS to N1,275 per litre is true. Coastal price is N1,215.”
According to another source, the refinery stopped its
Proforma Invoice entry process at about 4pm on Tuesday, April 28, disrupting
normal supply scheduling across its loading system. The source mentioned that
the suspension led to an immediate halt in both petrol and Automotive Gas Oil
sales.
The suspension and price increase have drawn reactions from
traders and marketers, many of whom are preparing for higher depot costs and a
possible rise in pump prices nationwide
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