Dangote Refinery Raises Petrol Price To N1,200 Per Litre

Dangote Refinery and Petrochemicals FZE have increased the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,185 to N1,200 per litre.

The new price took effect on Wednesday, August 26, 2026.Time & Calendars

The refinery announced the adjustment in a notice to customers issued on Tuesday by its Group Commercial Operations.

The communication, titled “PMS Price Change Communication (N1,185 Per Litre to N1,200 Per Litre),” informed customers of revised prices for gantry and coastal deliveries.

READ ALSO:

‘8.51m Terabytes Of Data,’ Nigerian Spend ₦286.15 billion On Data In 6 Months

The Dotun Oladipo I Knew, By Rasheed Bolarinwa

‘Operation Jackal IV,’ Interpol Arrests 58 In Global Cybercrime Crackdown

‘Roles Raphinha, Fermín López Played,’ How Barcelona Disgraced Elche 5-0

Meet Maryam Dan-Azumi; Young Nigerian Who Won N120m At Saudi Arabia Qur’anic Competition

According to the notice, the coastal price increased from N1,562,265 per metric tonne to N1,582,380 per metric tonne, while the gantry price rose by N15 per litre.

The refinery also directed customers to return all Authorisation to Collect documents for repricing before resuming loading.

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

The development comes amid renewed volatility in the international oil market linked to the ongoing US-Iran conflict.

Reuters reported that oil prices fell after investors assessed the latest US sanctions against Iran as less likely to threaten global oil supplies than a military escalation.