Dangote Refinery raises petrol price to ₦1,245 per litre

The Dangote Refinery has increased the gantry price of Premium Motor Spirit (PMS), raising it from ₦1,175 to ₦1,245 per litre, representing a ₦70 hike.

The adjustment, announced to customers, will take effect from 12:00 a.m. on March 21, 2026, and applies to all outstanding and unloaded product volumes.

The refinery also reviewed its coastal supply price upward, moving from ₦1,512,648 to ₦1,606,518 per metric tonne.

According to the company, the increase is driven by persistent global geopolitical tensions affecting energy markets.

Customers with valid Bank Guarantees have been allowed to continue loading under existing arrangements, but are required to settle the price difference.

The refinery stated that all outstanding differential payments must be completed by March 23, 2026.