Dangote Refinery has announced an increase in the gantry price of Premium Motor Spirit (PMS), raising it from N1,175 to N1,245 per litre — a hike of N70.
The new pricing will take effect from 12:00 a.m. on March 21, 2026, and will cover all outstanding and yet-to-be-loaded volumes.
In the same adjustment, the refinery also raised its coastal supply price from N1,512,648 to N1,606,518 per metric tonne.
The company attributed the price review to ongoing global geopolitical tensions affecting market conditions.
It added that customers with valid Bank Guarantees can continue to load products under existing arrangements, provided they pay the price difference.
Dangote Refinery further stated that all outstanding differential payments must be settled on or before March 23, 2026.
Nigerian Newssphere reports the latest hike is the fifth since the Iran-United States-Israel war escalation since February 28th.
