Petrol Hits N1,395 Per Litre as Dangote Refinery Raises Gantry Price for Fourth Time
By Aboki Forex —
Petrol pump prices have climbed to as high as N1,395 per litre after the Dangote Petroleum Refinery raised its gantry price from N1,265 to N1,350 per litre. Checks on Saturday, September 12, 2026, showed filling stations across Lagos and Ogun states adjusting their pumps, with more outlets expected to follow.
The latest increase is Dangote's fourth since August 21 and has pushed the gantry rate up by N185, or about 15.9 per cent, in 22 days.
What Stations Are Charging
At the Dangote-backed MRS filling station in Alapere, Lagos, petrol sold for N1,395 per litre, up from N1,310. A Mobil station along the same axis dispensed the product at N1,385 per litre.
Prices were slightly lower in parts of Ogun State. Matrix Energy's filling station at Kara sold petrol at N1,360 per litre, while Nigerian National Petroleum Company retail outlets in Ibafo charged N1,380.
The adjustment was not uniform. As of Saturday evening, some filling stations had not yet adopted the new rate. Bovas, for instance, reportedly sold petrol at N1,280 per litre, giving motorists temporary relief.
How the Gantry Price Moved
The refinery raised the price from N1,165 to N1,185 per litre on August 21, then to N1,200 on August 26. Another adjustment followed on August 29, taking the rate to N1,265. The latest N85 increase took it to N1,350 per litre.
In a circular issued by its Group Commercial Operations office, the refinery informed customers of the revised pricing. Buyers were directed to return existing Authority to Collect documents for repricing, after which new volume contracts would be issued to enable loading to resume, according to a report by Punch.
The coastal delivery price was also reportedly adjusted from N1.67 million to approximately N1.78 million per metric tonne.
Crude Oil Stayed Above $100
The increase comes as international crude oil prices remain elevated amid worsening supply concerns in the Middle East. Brent crude settled at $104.61 per barrel on Friday after touching $107.63 the previous day. West Texas Intermediate climbed above $100 on Thursday, September 10.
Tanker attacks, threats to Saudi energy infrastructure and disruptions around the Strait of Hormuz have tightened supplies and kept oil prices above $100.
Before the Middle East conflict escalated in February, crude oil traded below $69 per barrel, while petrol sold for about N830 per litre in parts of Nigeria. Pump prices have since risen by more than N500 per litre, increasing transport expenses and threatening further increases in food, logistics and production costs.
With filling stations selling at different rates and more outlets expected to adjust their prices, motorists could face another difficult week as the cost-of-living squeeze deepens.
For Nigerian businesses, the pass-through is immediate. Higher pump prices raise haulage and distribution costs, which typically show up in food and consumer goods prices within weeks.