Nigeria’s Dangote Petroleum Refinery has raised its Premium Motor Spirit (PMS) gantry price by ₦100, pushing the ex-depot cost from ₦774 to ₦874 per litre a move that could spark nationwide fuel price adjustments.
A senior refinery official confirmed the revision, citing soaring global crude oil prices and rising replacement costs as the key drivers.
“Yes, the price has been reviewed. The new gantry price is now ₦874 per litre, up from ₦774. The revision became necessary due to changes in global crude fundamentals and replacement costs,” the official said.
The adjustment follows a surge in international crude prices past $80 per barrel, prompting the refinery to temporarily suspend petrol loading operations from midnight on March 2, 2026. Diesel production and loading, however, continued uninterrupted, The News Chronicle gathered.
The new gantry price is already visible on local fuel pricing platforms, signaling potential downstream market adjustments that could push retail petrol prices higher across Nigeria. Some private depot operators have reportedly paused petrol sales during trading hours, awaiting clearer pricing direction.
In a related development, ongoing legal proceedings between Dangote Refinery, the Nigerian National Petroleum Company Limited (NNPC), and other parties over a ₦100 billion lawsuit have been adjourned to November 5, 2026, as regulatory and industry disputes continue in court.
