The Dangote Petroleum Refinery has increased its petrol gantry price from ₦1,185 to ₦1,200 per litre, raising the possibility of higher pump prices for motorists across Nigeria.
The latest adjustment took effect on Wednesday, August 26, 2026, according to a notice issued by the Refinery’s Group Commercial Operations to its customers.
The increase came five days after the refinery raised its petrol price from ₦1,165 to ₦1,185 per litre on August 21.
The refinery also increased its coastal price from ₦1,562,265 to ₦1,582,380 per metric tonne.
In the notice, the refinery directed customers to return their existing Authorisation to Collect documents for repricing before loading could resume.
“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate loading resumption,” the refinery said.
The latest ₦15 increase came despite the reported decline in international crude oil prices. West Texas Intermediate was reported at $82.13 per barrel, while Brent crude stood at $88.37 per barrel.
The adjustment could lead to higher petrol pump prices as marketers factor in transportation and other downstream costs. Petrol is expected to sell at an average of about ₦1,250 per litre.
The development comes amid renewed volatility in the global oil market linked to the ongoing US-Iran conflict and concerns over possible supply disruptions through the Strait of Hormuz.
The Dangote Group had yet to respond to enquiries regarding the latest price adjustment at the time of filing this report.
