Dangote Refinery switches to dollar pricing: Petrol now $0.779 per litre
By Aboki Forex —
Dangote Petroleum Refinery has officially ended naira-denominated sales of petroleum products to marketers, adopting a new United States dollar pricing regime that took effect on Monday, July 13, 2026. Petrol is now priced at $0.779 per litre at the gantry, a move that reshapes Nigeria's downstream fuel market.
New dollar prices for petrol, diesel, and aviation fuel
Under the revised pricing schedule issued by the refinery's Group Commercial Operations, Premium Motor Spirit (PMS), commonly known as petrol, now sells at $0.779 per litre at the gantry. This is equivalent to about ₦1,076.44 per litre based on the prevailing exchange rate. Automotive Gas Oil (AGO), or diesel, has been priced at $1.087 per litre, translating to approximately ₦1,502.39 per litre. Aviation Turbine Kerosene (ATK) now sells for $0.942 per litre, or about ₦1,302.95 per litre.
For coastal deliveries, PMS has been fixed at $1,044.62 per metric tonne, estimated at roughly ₦1.44 million per metric tonne. Data from PetroleumPriceNG shows that the current dollar price is higher than the N1,075 per litre previously quoted by the refinery.
Old naira invoices cancelled, LPG exempted
The refinery informed customers that all previously issued naira-denominated Coastal and Gantry Proforma Invoices (PFIs) and Deal Recaps have been cancelled and are no longer valid for payment. Customers have been directed not to make payments against any old naira invoices. All new product purchases must now be settled using the newly approved dollar pricing structure.
Despite the shift to dollar payments for most petroleum products, Dangote Refinery clarified that Liquefied Petroleum Gas (LPG), commonly known as cooking gas, is exempt from the new arrangement. LPG transactions will continue under the existing payment framework, providing some relief to distributors and consumers in that segment.
What this means for the naira and Nigerian businesses
Industry observers say the transition is likely to reshape fuel marketing operations across Nigeria, as marketers will now need to source foreign exchange before lifting products from the refinery. The development could also influence depot prices, product distribution costs and retail pump prices in the coming weeks, depending on movements in the foreign exchange market. Many analysts have warned that the switch could trigger another round of fuel price increases if the naira weakens further against the dollar.