Dangote Petroleum Refinery has revised its gantry (ex-depot) price of Premium Motor Spirit (PMS), commonly known as petrol, upward by ₦75 to ₦1,275 per litre. The adjustment also affects diesel (Automotive Gas Oil), which has increased by ₦200 to ₦1,950 per litre.
The new pricing template, issued to fuel marketers and depot operators, reflects prevailing realities in the international crude oil market, including volatility in global oil prices and associated production and supply chain costs. A senior official at the refinery noted that the changes are driven by external market factors that directly influence refined petroleum product pricing.
“This adjustment aligns with current dynamics in the global energy sector,” the official stated. “Petrol has been reviewed upward by ₦75 to ₦1,275 per litre (approximately a 5% increase), while diesel has seen a more significant rise due to specific market pressures.”
The Dangote Refinery, Africa's largest single-train refinery with a capacity of 650,000 barrels per day, continues to play a pivotal role in enhancing Nigeria’s energy security by producing high-quality fuels and reducing reliance on imports. The company remains committed to efficient operations and supplying the Nigerian market with reliable volumes of petroleum products.
Marketers and stakeholders have expressed concerns that the gantry price revision could lead to higher pump prices across filling stations nationwide, potentially impacting transportation costs and the broader economy. Some reports have also mentioned temporary disruptions in product sales amid the adjustment.
Dangote Refinery reassures the public and all stakeholders of its dedication to seamless supply and operational stability. The company will continue to monitor global market trends and adjust accordingly to ensure sustainable operations while supporting Nigeria’s energy needs.