Amanze Chinonye
The Dangote Petroleum Refinery has announced a sharp increase in its ex-depot price for Premium Motor Spirit (PMS), raising the cost to ₦1,175 per litre as of Monday, March 9, 2026.
This marks the third petrol price hike in one week.
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The new price represents a ₦180 increase from the previous ₦995 per litre announced just days earlier. Diesel prices at the refinery have also been adjusted upwards, reaching ₦1,620 per litre from around ₦1,430 per litre.
READ ALSO : Dangote Refinery Halts Petrol Loading Amid Speculation of Fresh Price Hike
Industry analysts warn that the ex-depot price increase will likely translate to higher retail prices at filling stations, potentially reaching ₦1,400 to ₦1,500 per litre in some areas. The adjustments are attributed to volatility in global crude markets and rising replacement costs.
This latest move comes amid ongoing concerns over inflation and the cost of living in Nigeria, with fuel price hikes expected to impact transportation fares and the price of goods and services across the country.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
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