Tag: Dangote Refinery

Petrol: Again, Ɗangote increases price to ₦1,175/litre

Aminu Imam
Dangote increases petrol price

Ɗangote Refinery has revised its petrol price back to ₦1,175 per litre hours after it reduced the price of the product. The increase has resulted in depot operators across the country pausing their sales temporarily. The refinery had previously lowered the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100, bringing it to ₦1,075 per litre on March 10, 2026, reduced from the earlier price of ₦1,175 per litre. Depot operators, who had started selling at an average price of ₦1,100 per litre, immediately paused their…

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Ɗangote lowers ex-depot prices for petrol, diesel

Aminu Imam
Dangote lowers petrol, diesel prices

The Ɗangote Refinery has reduced the ex-depot prices of Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (AGO), commonly called diesel.  The new adjustment comes after several recent increases in fuel prices. According to the refinery’s latest pricing template released yesterday March 10, 2026, the gantry price of petrol has been reduced by ₦100 per litre. The price dropped from ₦1,175 to ₦1,075 per litre. The company also stated that petrol supplied through coastal distribution channels will now cost ₦1,050 per litre. This price reflects a…

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Again, Ɗangote Refinery hikes petrol price to ₦1,175/litre

Aminu Imam
Dangote hikes petrol price again

The cost of goods and services across Nigeria is expected to increase further following a fresh hike in petrol prices by the Ɗangote Petroleum Refinery, which has raised the gantry price of Premium Motor Spirit (PMS) to ₦1,175 per litre. The adjustment marks the third petrol price increase within one week, intensifying concerns over rising living costs across the country. The refinery communicated the new pricing structure to marketers yesterday, increasing the gantry price from ₦995 per litre announced on Friday to ₦1,175 per litre, representing a ₦180 increase or…

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M’East war pushes Ɗangote petrol price to ₦874

Aminu Imam
Dangote petrol price

…Marketers project ₦1,000 per litre Escalating conflict between Iran, United States and Israel has triggered a fresh petrol price hike in Nigeria, with marketers projecting pump prices could hit ₦1,000 per litre. Ɗangote Petroleum Refinery on Monday raised its Premium Motor Spirit (PMS) gantry price by ₦100 to ₦874 per litre from ₦774, citing volatility in global crude oil markets and rising replacement costs. The price surge followed attacks on oil facilities in Saudi Arabia and Qatar, as well as disruptions along the Strait of Hormuz, which pushed crude prices…

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NNPCL Boss hails Ɗangote refinery as ‘world-class marvel’

Aminu Imam
NNPCL Boss hails Dangote

…As Ɗangote Group plans public share offer The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has described the Dangote Petroleum Refinery as a “world-class technological marvel,” urging Nigerians to take pride in what he called one of the boldest industrial achievements in the country’s history. Ojulari made the remarks at the weekend during a landmark visit to the 650,000-barrels-per-day facility, accompanied by members of the NNPC Board and executive management team — the company’s first official tour of the refinery. Commending billionaire industrialist Aliko…

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Petrol to sell at ₦740 per litre’ –  Ɗangote 

Aminu Imam
Dangote on petrol price

…Alleges regulatory sabotage of refinery President and Chief Executive of Ɗangote Industries Limited, Aliko Ɗangote, has called for an investigation of the operations of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), citing economic sabotage that is undermining domestic refining in Nigeria. Speaking at a press conference at the Ɗangote Petroleum Refinery on Sunday, Ɗangote accused the leadership of the NMDPRA of colluding with international traders and oil importers to frustrate local refining through the continued issuance of import licences for petroleum products. The Ɗangote Group chairman assured Nigerians…

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Ɗangote Refinery reduces petrol price by ₦49 per litre 

Aminu Imam
Ɗangote Refinery reduces

The Ɗangote Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (petrol) by ₦49 per litre, bringing the new rate to ₦828 per litre from the previous ₦877. The latest review, representing a 5.6 per cent decrease, took effect on Friday and marks the second major downward adjustment by the refinery in the past three months. The move comes as the company continues to respond to global oil market dynamics and efforts to stabilise domestic fuel supply. “Ɗangote has reduced gantry price from ₦877 per…

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Ɗangote expands refinery to world’s largest

Aminu Imam
Ɗangote expands refinery

…Pledges 65,000 jobs, fuel stability during Ember months Africa’s richest man, Aliko Ɗangote, has announced an ambitious expansion of the Ɗangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million bpd, a move that will make it the largest refinery in the world and create over 65,000 new jobs for Nigerians. Speaking during a media briefing at the refinery complex in Lekki, Lagos,  at the weekend, Ɗangote said the expansion reflects confidence in Nigeria’s industrial potential and supports President Bola Ahmed Tinubu’s drive for full domestic refining and…

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Ɗangote Refinery resumes full operations, raises petrol price to ₦877

Aminu Imam
Ɗangote Refinery resumes

The Ɗangote Petroleum Refinery has resumed full operations, raising the gantry price of Premium Motor Spirit (PMS), popularly called petrol, by 7%, from ₦820 to ₦877 per litre. According to reports, market checks showed that oil marketers purchasing two million litres and above would continue to enjoy a relatively lower price compared to depot owners. Despite the increase, the refinery’s price remains cheaper than the ₦890–₦900 per litre currently charged by many private depots. According to data released by Petroleumprice.ng on Thursday, major depot operators such as Pinnacle and Rainoil…

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Ɗangote Refinery deploys CNG trucks to distribute petrol at ₦850 per litre

Aminu Imam
Ɗangote Refinery deploys CNG

The Ɗangote Petroleum Refinery has intensified efforts through the use of Compressed Natural Gas (CNG)-powered trucks to distribute Premium Motor Spirit, (PMS), also known as petrol at ₦850 per litre to different parts of the nation. According to the Chief Executive officer of Petroleumprice.ng, Olatide Jeremiah: “Generally, the depot prices have increased. Market data showed that petrol sold between ₦870 and ₦900 per litre at key depots in Lagos and Calabar, reflecting a steady climb over the past week. “In Lagos, where most private depots rely on imported supply, prices…

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