The Dangote Petroleum Refinery has restored its petrol price to ₦1,175 per litre, prompting depot owners across multiple hubs to temporarily suspend sales, sources told Petroleumprice.
The refinery had earlier reduced the ex-depot price for Premium Motor Spirit (PMS) by ₦100 to ₦1,075 per litre on March 10, 2026, down from ₦1,175 per litre. Depot operators, who had begun selling at an average of ₦1,100 per litre, immediately halted transactions following the refinery’s upward price revision.
In addition, loading operations at the refinery have been temporarily suspended to allow for stock reconciliation and alignment with the new pricing structure.
A refinery source said the price adjustment reflects the surge in global crude oil prices, from $91 to $100 per barrel of Brent crude, which directly affects refining costs.
Meanwhile, the refinery has formally notified customers of the revised price template. In a communication issued by its Group Commercial Operations Department, Dangote Petroleum Refinery said the PMS gantry and coastal prices have been reviewed due to the escalating global geopolitical situation.
According to the notice, the gantry price for PMS has been increased from ₦1,075 per litre to ₦1,175 per litre, while the coastal price has been revised from ₦1,378,548 per metric tonne to ₦1,512,648 per metric tonne.
The refinery stated that the new gantry and coastal prices will apply to all unloaded PMS allocations effective 1:00 p.m. on March 13, 2026.
“Please be informed that due to the current global geopolitical situation, which has further escalated, the PMS gantry and coastal price have been reviewed and updated,” the notice to customers stated.