Tag: Petrol Price

Ɗangote Petroleum Refinery & Petrochemicals has reduced its gantry price for Premium Motor Spirit (petrol) to ₦1,200 per litre, while pegging its coastal price at ₦1,153 per litre, a development expected to reshape fuel supply costs across Nigeria’s downstream distribution chain. According to the its Group’s spokesperson, Anthony Chiejina, the price adjustment represents a downward review in the refinery’s pricing template and comes amid heightened uncertainty in the global oil market driven by geopolitical tensions in the Middle-East. “Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for petrol…

…5th hike in March Barely 12 hours after a fresh hike, the Ɗangote Petroleum Refinery has again increased petrol prices, signalling intensifying pressure in Nigeria’s downstream market as global crude costs continue to rise. In a new notice to customers, the refinery raised its gantry price of Premium Motor Spirit (PMS) from ₦1,245 to ₦1,275 per litre, marking an additional N30 increase within the same day. The revised rate takes effect from 12:00 a.m. on March 21, 2026, replacing all previously communicated prices. At the time of filing this report,…

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…

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…

…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…