Petrol Prices Rise Nationwide as Dangote Refinery Adjusts PMS Price to ₦1,185 per Litre
By Aboki Forex —
Petrol prices have increased across several filling stations in Abuja after Dangote Refinery adjusted its Premium Motor Spirit (PMS) ex-gantry price. Motorists in parts of the Federal Capital Territory are now paying between ₦1,230 and ₦1,299 per litre.
A market survey conducted on Saturday, August 22, 2026, showed that major filling stations had raised their pump prices. Dangote Refinery-backed MRS filling stations along Kubwa Expressway, Lugbe Expressway and other parts of Abuja increased their petrol price from ₦1,210 to ₦1,230 per litre.
MRS Stations Raise Prices by ₦20
A manager at an MRS outlet, who requested anonymity, said the company’s headquarters in Lagos directed the stations to implement the new price. “We got the directive to raise our price by ₦20 to ₦1,230 per litre on Friday, but no reason was given,” the manager said.
Other major fuel retailers, including the Nigerian National Petroleum Company Limited (NNPCL), Rainoil, Empire Energy and Nigerian Independent Petroleum Company, also adjusted their prices. Their petrol prices were found to range between ₦1,250 and ₦1,299 per litre, depending on the filling station and location.
Refinery Price Adjustment and Crude Oil Costs
The development followed Dangote Refinery’s decision on Friday, August 21, 2026, to increase its petrol ex-gantry price to ₦1,185 per litre from ₦1,165. The ₦20 adjustment at the refinery has already begun to filter through the downstream market, with major depots also recording prices above ₦1,200 per litre.
The latest increase comes amid a sharp rise in international crude oil prices, with Brent crude trading above $94 per barrel.
Reversal of Recent Price Relief
The latest pump price increase comes only days after Nigerian motorists enjoyed significant reductions in petrol prices. In the past three weeks, several filling stations had reduced their pump prices by at least ₦90 per litre following earlier reductions in Dangote Refinery’s gantry price. The fresh increase therefore marks a reversal of the downward trend and could put additional pressure on households and businesses.
Motorists are already feeling the impact of higher fuel costs, with transport fares rising in Lagos and other parts of the country. If the latest refinery and depot price increases persist, consumers could face further adjustments in petrol prices in the coming days.
For Nigerian households and businesses, the new price direction means fuel costs are climbing again just as many expected sustained relief. With depot prices already above ₦1,200 per litre and crude oil staying high, the naira could face added pressure if importers and retailers pass on their full costs to consumers.