DANGOTE REFINERY RAISES PETROL PRICE BY N70 TO N1,245 PER LITRE

By: Fasasi Hammad
Dangote Refinery has announced an increase in the price of Premium Motor Spirit (PMS), raising the gantry price from ₦1,175 to ₦1,245 per litre — a ₦70 hike.
The new pricing will take effect from 12:00 a.m. on March 21, 2026, and will apply to all pending and uncollected orders.
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The refinery also adjusted its coastal supply price, increasing it from ₦1,512,648 to ₦1,606,518 per metric tonne.
According to the company, the price review is driven by ongoing global geopolitical tensions.
It further stated that customers with valid Bank Guarantees can continue to lift products under existing terms, provided they pay the price difference.
All outstanding differential payments are expected to be settled on or before March 23, 2026.
