Dangote Petroleum Refinery has announced a nationwide increase of N100 per liter in the price of Premium Motor Spirit (PMS), marking a major shift in the domestic fuel market.
The refinery disclosed the adjustment in a statement issued on Monday, noting that its gantry price of petrol has risen to N799 per liter, while the retail price now stands at N839 per liter. This represents an increase from the N699 gantry price and N739 retail price maintained since December 2025.
“Under the current alignment, the PMS gantry price is N799 per liter, while MRS retail outlets are selling at N839 per liter,” the company said.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, stated that despite the price increase, the refinery continues to supply the domestic market with approximately 50 million liters of PMS daily, adding that nationwide evacuation and distribution remain normal.
The development comes amid reports that the $20 billion refinery has resorted to gasoline imports to supplement supply following downtime at its Residual Fluid Catalytic Cracker (RFCC) unit, according to data from energy analytics firm Kpler.
As of Monday night, retail filling stations across the country, including those operated by the Nigerian National Petroleum Company Limited (NNPCL), were dispensing petrol at prices ranging between N805 and N830 per liter. Analysts warn that Dangote’s latest adjustment could trigger a broader price increase across Nigeria’s downstream petroleum sector.
Recall that Aliko Dangote, president of the Dangote Group, had in December last year assured Nigerians that the refinery would maintain a N739 per liter retail price nationwide in a bid to edge out fuel importers.
Speaking during a media briefing on December 14, Dangote said, “We don’t want people to sell petrol for more than N740 nationwide.”
