Dangote raises petrol price to N1,200 per litre, second increase in a week
By Aboki Forex —
Dangote Refinery has increased its ex-gantry price for Premium Motor Spirit (PMS), also known as petrol, to N1,200 per litre from N1,185. This is the second upward price adjustment by the facility in less than seven days.
Market data from Petroleumprice.ng showed that on Monday, August 25, 2026, petrol at the A.A. Rano depot in Lagos was trading at N1,197 per litre, while African Terminal and Integrated depots both quoted N1,195 per litre. Dangote's revised gantry price therefore sits above the rates recorded at those monitored Lagos depots.
New price triggers repricing of loading tickets
Industry sources say the new price is likely to filter through to depot-level pricing from Wednesday, as petroleum marketers begin factoring in the higher cost of sourcing product from the refinery.
Dangote has also asked customers to return all existing Automated Truck Loading (ATC) tickets so they can be repriced under the new commercial terms. Fresh volume contracts will be issued afterwards to allow loading to resume without further delay.
Bulk purchasers who source petrol through coastal supply arrangements will face a revised price of N1,582,380 per metric tonne, effective from August 26, 2026, the Guardian reports.
Pressure on retail prices and marketer margins
For filling station operators and depot owners, the higher acquisition cost could trigger a new round of price reviews at the retail and wholesale levels. Marketers are also expected to use the adjustment as an opportunity to revisit their margins as the new Dangote price takes hold across the downstream market.
The latest development comes at a time when oil marketers are closely watching crude oil prices, foreign exchange movements and domestic supply conditions, all of which remain important factors in determining petrol prices in Nigeria.
Following the latest adjustment by the Dangote Refinery, some major petroleum depots are now expected to release new petrol prices.
Free delivery scheme still running
Earlier, Legit.ng reported that the Dangote Petroleum Refinery has introduced a free petrol delivery programme for fuel marketers across six Nigerian states, pricing the product at N1,075 per litre under the first phase of the initiative. A notice issued by the refinery outlined the scheme, which forms part of the company's broader Vision 2030 strategy to strengthen fuel supply logistics and improve access to petroleum products nationwide.
The announcement comes days after the refinery opened the sale of petrol to all licensed marketers, ending its previous consortium marketing arrangement.
For Nigerian consumers, the latest increase means pump prices are likely to edge higher in the coming days as depot owners and filling stations adjust to the new gantry price. The naira's performance and crude oil costs will determine whether this trend stabilises or reverses.