Dangote refinery raises petrol gantry price to N1,350
The Dangote Petroleum Refinery has increased its petrol gantry price to N1,350 per litre, marking the fourth price hike since late August. This adjustment reflects ongoing volatility in oil markets and impacts fuel distribution costs across the region.
Why it matters
Fuel price increases have significant economic implications for consumers and businesses in Nigeria, affecting inflation and transportation costs.
Dangote Petroleum Refinery has increased the gantry price of premium motor spirit (petrol) from N1,265 to N1,350 per litre, effective Saturday, 12 September 2026. The PUNCH had earlier predicted that there could be a fresh hike in fuel prices following the rise in oil prices. The latest adjustment is the fourth upward review of Dangote refinery’s petrol gantry price since August 21. The refinery had increased the price from N1,165 to N1,185 per litre on August 21 before raising it to N1,200 on August 26. It subsequently increased the price to N1,265 on August 29 and has now added another N85 per litre, taking the gantry price to N1,350. The successive increases have raised the refinery’s petrol price by N185 per litre, or about 15.9 per cent, in 22 days.
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