Fresh pressure is building in Nigeria’s fuel market as Dangote Refinery moves to adjust petrol prices upward, a development that could quickly translate to higher pump prices nationwide amid rising global crude costs.
In a notice to customers, the refinery announced an increase in its gantry price of Premium Motor Spirit (PMS) from ₦1,245 to N1,350 per litre.
The new rate takes effect from 12:00 a.m. March 22, 2026, and applies to all pending and unloaded volumes.
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The latest hike is expected to cascade into retail markets, potentially pushing pump prices higher and deepening inflationary concerns as transport and energy costs rise.
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