Dangote refinery raises petrol gantry price to N1,350

Dangote refinery. Photo: Dangote

Dangote Petroleum Refinery has increased the gantry price of premium motor spirit (petrol) from N1,265 to N1,350 per litre, effective Saturday, 12 September 2026.

The PUNCH had earlier predicted that there could be a fresh hike in fuel prices following the rise in oil prices.

The latest adjustment is the fourth upward review of Dangote refinery’s petrol gantry price since August 21.

The refinery had increased the price from N1,165 to N1,185 per litre on August 21 before raising it to N1,200 on August 26. It subsequently increased the price to N1,265 on August 29 and has now added another N85 per litre, taking the gantry price to N1,350.

The successive increases have raised the refinery’s petrol price by N185 per litre, or about 15.9 per cent, in 22 days.

In a circular issued late on Friday by the Group Commercial Operations of Dangote Petroleum Refinery and Petrochemicals, the company notified customers of the revised prices.

The circular read, “Dear Valued Customer, please find below the revised DPRP PMS gantry and coastal prices, which are effective from 12th September 2026:

“Coastal (MT): The old price of ₦1,669,545 has been revised to ₦1,783,530. Gantry (LTR): The old price of ₦1,265 per litre has been revised to ₦1,350 per litre.

“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate resumption of loading.

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“Should you require any further clarification, please do not hesitate to contact us.”

Petroleumprice.ng also confirmed that the new gantry price stands at N1,350 per litre, while the coastal delivery price was also adjusted from N1,669,545 to N1,783,530 per metric tonne.

Customers were directed to return all existing Authority to Collect documents for repricing. A new volume contract will be issued to allow immediate resumption of loading.

The circular advised customers to contact the company for any further clarification.

The adjustment comes against the backdrop of elevated international crude oil prices. Brent crude recently climbed above $104 a barrel and had earlier surged past $107 as the prolonged confrontation between the United States and Iran continued to disrupt oil supplies through the Strait of Hormuz.

Oil flows through the strategic waterway have fallen sharply in recent weeks, with volumes dropping well below the levels recorded during the earlier recovery period.

Attacks on tankers and restricted shipping have intensified supply concerns, keeping global benchmarks firm and placing upward pressure on refined product costs worldwide.

Officials of the Dangote refinery have yet to respond to messages seeking further details about the new hike.