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The Dangote Petroleum Refinery has increased the gantry price of premium motor spirit (petrol) from ₦1,265 to ₦1,350 per litre, with the new rate taking effect on Saturday, September 12, 2026.
The latest price adjustment represents the fourth upward review executed by the refinery management since August 21.
The facility previously adjusted its petrol price from ₦1,165 to ₦1,185 per litre on August 21, before pushing it up to ₦1,200 on August 26.
It further raised the gantry rate to ₦1,265 on August 29 before adding another ₦85 per litre, bringing the total price movement to an increase of ₦185 per litre—or approximately 15.9 percent—within a 22-day window.
In a official directive issued late Friday by the Group Commercial Operations of Dangote Petroleum Refinery and Petrochemicals, the company formally notified off-takers and petroleum marketers of the updated pricing structure.
The internal circular stated, “Dear Valued Customer, please find below the revised DPRP PMS gantry and coastal prices, which are effective from 12th September 2026: Coastal (MT): The old price of ₦1,669,545 has been revised to ₦1,783,530. Gantry (LTR): The old price of ₦1,265 per litre has been revised to ₦1,350 per litre.”
Instructing marketers on pending orders, the notice added, “You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate resumption of loading. Should you require any further clarification, please do not hesitate to contact us.”
Industry monitoring portal Petroleumprice.ng confirmed the gantry benchmark at ₦1,350 per litre, alongside the coastal delivery adjustment from ₦1,669,545 to ₦1,783,530 per metric tonne, with all existing Authority to Collect documents recalled for administrative repricing.
The domestic price hike comes amid escalating international crude oil prices, with Brent crude surging past $104 and touching $107 per barrel due to ongoing geopolitical tensions between the United States and Iran disrupting maritime logistics through the Strait of Hormuz.
Shipping volumes through the strategic transit corridor have dropped significantly in recent weeks following tanker security incidents, tightening global supply margins and driving up refining input costs globally.
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