Dangote Petroleum Refinery has raised the ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦100 per litre to ₦799, a move expected to translate into higher pump prices across parts of Nigeria’s downstream market.
The adjustment follows the end of a temporary price relief period and reflects a return to commercially sustainable pricing.
With the revised ex-gantry rate, retail prices at partner filling stations supplied by the refinery are expected to edge higher, increasing cost pressures on consumers and transport operators.
Market participants say the increase highlights the realities of Nigeria’s deregulated petrol market, where prices are shaped by supply costs, logistics, and prevailing market conditions.
The adjustment is also expected to feed into higher transportation and operating expenses for fuel-dependent businesses.
Industry sources note that despite the price increase, local refining continues to support supply stability by reducing reliance on imports and exposure to foreign exchange volatility.
The refinery has maintained that ensuring consistent supply remains a priority as pricing aligns with market fundamentals.
The latest price movement has renewed discussions around fuel affordability, inflationary pressures, and how quickly domestic refining capacity can translate into sustained price stability for consumers.
