Amanze Chinonye
The Dangote Petroleum Refinery has raised its gantry price for Premium Motor Spirit (PMS), commonly known as petrol, by ₦15 per litre to ₦1,200, effective Wednesday, August 26, 2026, Prime Business Africa reports.
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The latest adjustment was communicated to customers by the refinery’s Group Commercial Operations and marks the second increase in less than a week.
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On August 21, the refinery raised its petrol gantry price from ₦1,165 to ₦1,185 per litre. The two adjustments have therefore increased the price by a cumulative ₦35 per litre within five days.
The refinery also raised its coastal delivery price by ₦20,115 per metric tonne, from ₦1,562,265 to ₦1,582,380.
Marketers were directed to return outstanding Authorisation to Collect documents for repricing before new volume contracts could be issued for product loading.
The refinery did not give a specific reason for the latest price adjustment in its communication to customers.
The increase comes despite a recent decline in international crude oil prices. Brent crude fell to about $88.4 per barrel on Tuesday after trading above $93 earlier in August.
The latest adjustment could put further pressure on petrol prices at filling stations as marketers factor the higher refinery-gate price into their operating and distribution costs.
However, the extent to which the increase will affect retail prices will depend on transportation, storage and other downstream costs, as well as marketers’ margins. Pump prices may therefore vary across locations.
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The development comes as Dangote Refinery continues to play a growing role in Nigeria’s downstream petroleum market. The 650,000-barrel-per-day facility has become a major supplier of refined petroleum products to the domestic market and has also contributed to an increase in Nigeria’s petroleum-product exports.
The refinery’s crude supply arrangements remain an important factor in its operating costs. Reuters reported that between 30% and 40% of the crude processed by the refinery is currently imported, exposing part of its feedstock requirements to international crude prices and foreign-exchange movements.
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.
