Nigerians buying petrol will pay more at the pump after Dangote Petroleum Refinery raised its gantry price from N1,265 to N1,350 per liter, the fourth time the refinery has pushed up its ex-depot rate since late August.
The new price took effect on Saturday. It adds N85 to every liter loaded from the refinery’s facility, meaning marketers who buy directly from Dangote now pay significantly more before a single drop reaches any filling station.
Since August 21, the refinery has raised its petrol gantry price four times. That opening move lifted the price from N1,165 to N1,185 per liter, a modest start to what became a sustained upward run over the following three weeks.
Five days later, on August 26, the refinery pushed the price again to N1,200 per liter. Three days after that, on August 29, it moved to N1,265. Saturday’s increase to N1,350 is the fourth adjustment in 22 days and the largest single jump of the four, surpassing each of the three earlier increases in absolute naira terms.
Taken together, the successive increases have added N185 per liter to the refinery’s petrol price, a cumulative rise of about 15.9 percent in less than a month, according to figures contained in the company’s own circular.
The instruction to customers came in a circular issued late on Friday by the Group Commercial Operations of Dangote Petroleum Refinery and Petrochemicals. “Dear Valued Customer, please find below the revised DPRP PMS gantry and coastal prices, which are effective from 12th September 2026,” the circular read.
The circular also adjusted the coastal delivery price. That figure moved from N1,669,545 to N1,783,530 per metric tonne, a change that affects bulk buyers who receive product by sea rather than by road tanker.
Petroleum price. ng confirmed the new gantry price of N1,350 per liter and the revised coastal delivery figure. Customers were directed to return all existing Authority 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 resumption of loading,” the circular said. No grace period for existing contracts was mentioned in the document, leaving marketers with little room to absorb costs under previously agreed terms.
Behind the pricing move is a sharp rise in global crude oil costs. Brent crude climbed above $104 a barrel and had earlier surged past $107 as a prolonged confrontation between the United States and Iran continued to disrupt oil flows through the Strait of Hormuz, according to market data cited in reports on the price movement.
Tanker attacks and restricted shipping through the strategic waterway have intensified supply concerns in recent weeks. Volumes through the Strait have fallen well below levels recorded during the earlier recovery period, keeping international benchmarks firm and placing upward pressure on refined product costs globally.
Nigeria, which imports a significant share of its fuel needs and also relies on the Dangote refinery for domestic supply, sits directly in the path of those global price swings. Every movement in Brent feeds into what Nigerian marketers eventually pay at the gantry.
Officials of the Dangote refinery had not responded to messages seeking further details about the new increase at the time of publication, according to the source reporting the development.
The refinery’s gantry price is not the final pump price consumers pay. Marketers add transport costs, margins, and other charges before petrol reaches a filling station. Each naira added at the gantry tends to translate into a larger figure at the nozzle.
Saturday’s Dangote petrol price increase arrives at a time when Nigerians are already managing the weight of a subsidy removal that pushed fuel costs sharply higher in 2023. Four gantry hikes in 22 days signal that the pressure on pump prices is unlikely to ease in the near term.
