Dangote Petroleum Refinery has once again reviewed its petrol pricing, raising its ex-depot rate for Premium Motor Spirit (PMS) to N1,275 per litre—just hours after announcing an earlier increase
This latest move marks the fourth upward adjustment in March and reflects a N100 jump from the N1,175 per litre recorded earlier in the month, representing an 8.5 per cent increase. It also adds N30 to the N1,245 per litre price that had been communicated late Friday.
The refinery made it clear that its previous pricing structure is no longer valid, urging marketers and customers to discard earlier figures.
Alongside the gantry price hike, the company also revised its coastal rate, increasing it from N1,512,648 to N1,646,748 per metric tonne—an increase of N134,100, which translates to about 8.9 per cent.
In a fresh notice circulated to stakeholders on Saturday, the refinery emphasized that the new prices take immediate effect, applying to all pending and future transactions from midnight, March 21, 2026.
Customers operating under existing credit facilities were not left out, as the refinery stated that loading would continue under current arrangements, provided they are able to cover the price difference.
The rapid sequence of price changes within such a short period highlights the growing instability in Nigeria’s deregulated downstream petroleum market, as operators continue to respond to shifting economic pressures.
