Nigeria’s Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by N100, pushing the ex-depot rate from N774 to N874 per litre — a development that may trigger fresh fuel price adjustments nationwide.
A senior official at the refinery confirmed the review, attributing the hike to rising global crude oil prices and increasing replacement costs.
“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 price revision comes as international crude oil prices climbed above $80 per barrel, tightening margins across the downstream petroleum sector.
In response to the market shift, the refinery temporarily suspended petrol loading operations from midnight on March 2, 2026. The suspension affected PMS supply and the issuance of proforma invoices, though diesel production and loading reportedly continued without interruption.The ripple effects are already being felt across Nigeria’s downstream sector. Some private depot operators have reportedly paused petrol sales during trading hours, awaiting clearer pricing direction following the refinery’s adjustment.
Fuel pricing monitoring platforms have also reflected the new ex-depot rate, signaling the likelihood of upward adjustments at retail outlets nationwide.Meanwhile, legal proceedings involving the refinery and the Nigerian National Petroleum Company Limited over a ₦100 billion lawsuit have been adjourned to November 5, 2026. The dispute, which centers on industry and regulatory matters, remains before the court.
With crude prices firming and supply dynamics shifting, market watchers say consumers may soon see the impact of the refinery’s decision at filling stations across the country.
