Following the major price hike at the Dangote Refinery on Wednesday, April 29, 2026, the fuel market across Nigeria has seen a sharp adjustment this morning.
The previous gantry price of ₦1,200 has been officially updated to reflect the surge in global crude oil prices, which are currently trading around $115 per barrel.
Here is the latest petrol price data as of Thursday morning, April 30, 2026:
Dangote Refinery New Rates (Ex-Depot)
The refinery implemented a ₦75 increase yesterday to account for rising feedstock costs and international market volatility.
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New Gantry Price: ₦1,275 per litre (Up from ₦1,200).
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Coastal Price: ₦1,215 per litre.
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Diesel (AGO) Gantry Price: ₦1,950 per litre (Up from ₦1,750).
Retail Pump Prices by Region
As marketers begin to load products at the new ₦1,275 rate, retail pump prices are shifting toward the ₦1,400 mark in many urban centers. Independent marketers are adjusting prices faster than major chains.
| Location | Estimated Pump Price (Per Litre) |
| Lagos (Major Marketers) | ₦1,330 – ₦1,380 |
| Lagos (Independent Stations) | ₦1,385 – ₦1,425 |
| Abuja (FCT) | ₦1,380 – ₦1,450 |
| Port Harcourt / South-South | ₦1,410 – ₦1,480 |
| Kano / North-West | ₦1,430 – ₦1,520 |
| Maiduguri / North-East | ₦1,460 – ₦1,550 |
Key Market Updates
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Loading Disruptions: Sales were temporarily paused on Tuesday evening to allow for the price recalibration. Operations resumed yesterday under the new ₦1,275 template, causing a ripple effect at filling stations nationwide.
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IPMAN Reaction: The Independent Petroleum Marketers Association of Nigeria (IPMAN) has noted that the increase was inevitable given that the refinery’s crude procurement costs have risen significantly. Marketers in the North have warned that prices could cross ₦1,500 by the weekend due to added transportation costs from the refinery.
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Global Context: The price hike is tied directly to the $115 Brent crude price, driven by escalating geopolitical tensions in the Middle East and concerns over supply routes through the Strait of Hormuz.
Market Statement:
“The refinery raised its petrol price to ₦1,275 per liter up from ₦1,200. This means that the refinery increased its gantry fuel price by slightly ₦75 or 5 percent. The development comes after a week of stable domestic fuel prices despite crude oil price volatility.”
Analyst Insight:
“With the new gantry price of ₦1,275, the era of petrol below ₦1,300 at independent stations is effectively over. We are seeing a market-driven pricing strategy that reacts almost instantly to global supply disruptions.”
