By Gideon Maxwell
March 9, 2026
Nigeria’s downstream petroleum market recorded another major shift as the Dangote Petroleum Refinery increased its ex depot price of Premium Motor Spirit, petrol, to N1,175 per litre, the latest adjustment in a series of rapid price reviews.
Industry sources confirmed that the new pricing template was communicated to fuel marketers on Monday, pushing the gantry price up from N995 per litre, an increase of N180 within three days.
The latest adjustment marks another price review within a week, reflecting mounting pressure in the domestic fuel market and the volatility in global crude oil prices.
The refinery also raised the price of Automotive Gas Oil, diesel, to N1,620 per litre, reinforcing the broader upward trend in refined petroleum products.
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Market analysts say repeated adjustments by the Dangote refinery tend to influence depot and retail pump prices nationwide, as marketers recalibrate their pricing based on the refinery’s ex depot benchmark.
The increase follows a series of earlier revisions in March, when the refinery first raised petrol prices from N774 to N874, and later to N995 per litre, largely attributed to rising crude costs and global market disruptions.
Industry observers expect the new gantry price to push retail pump prices above N1,200 per litre in several parts of Nigeria, depending on transportation and distribution costs.
