 |
| See why Dangote Refinery adjusted its petrol price to ₦1,215 per litre and what it could mean for pump prices nationwide. |
Nigeria's downstream petroleum market has witnessed another major development following the latest Dangote petrol price adjustment. Dangote Petroleum Refinery has officially resumed selling Premium Motor Spirit (PMS), popularly known as petrol, in naira, ending its brief switch to dollar-denominated sales. However, the refinery also increased its ex-gantry price to ₦1,215 per litre, a move expected to influence pump prices across the country.
If you're wondering why the price changed, what it means for marketers and motorists, and whether petrol prices may increase further, here's everything you need to know.
Dangote Refinery Resumes Petrol Sale in Naira
Dangote Petroleum Refinery announced on July 23, 2026, that it has resumed the sale of petrol in naira after temporarily introducing dollar payments for petroleum products.
The company confirmed that its new ex-gantry (ex-depot) petrol price has been fixed at:
- ₦1,215 per litre
- Effective immediately
- Applies to marketers loading directly from the refinery
This marks the end of the refinery's short-lived dollar pricing policy announced earlier in July.
Why Did Dangote Adjust Petrol Prices?
Several factors contributed to the latest Dangote petrol price adjustment, including:
1. Rising Global Crude Oil Prices
The international price of crude oil has risen in recent weeks, increasing production costs for refiners.
2. Higher Cost of Crude Supply
Dangote Refinery previously explained that sourcing crude in dollars while selling petrol in naira created pricing challenges after the naira-for-crude arrangement faced supply constraints.
3. Return to Naira Transactions
Although sales have returned to naira, the refinery adjusted its pricing to reflect current market realities and production costs.
Previous vs New Dangote Petrol Price
| Pricing | Previous | New |
|---|---|---|
| Ex-Gantry Price | ₦1,075/litre | ₦1,215/litre |
| Increase | — | ₦140/litre |
The adjustment represents approximately a 13% increase over the previous ex-gantry price.
What Does This Mean for Nigerians?
The new pricing is likely to have several immediate effects:
- Petrol marketers may review retail pump prices.
- Independent filling stations could adjust prices depending on transportation and operational costs.
- Consumers may pay more for fuel if retailers pass on the increase.
- Transportation and logistics costs may also rise if pump prices increase nationwide.
Actual pump prices will still vary depending on location, distribution costs, taxes, and competition among marketers.
Why Did Dangote Previously Sell Petrol in Dollars?
Earlier in July, Dangote Refinery announced that marketers would temporarily purchase petrol in US dollars.
The company cited:
- Challenges with crude oil supply under the naira-for-crude framework.
- Currency mismatch between purchasing crude in dollars and selling refined products in naira.
That decision sparked concerns among marketers before the refinery returned to naira sales.
How Does This Affect Fuel Marketers?
The return to naira payments provides some relief because marketers no longer need to source foreign currency before buying fuel.
However, the higher ₦1,215 per litre ex-depot price means marketers will now pay more for each litre purchased, potentially affecting retail pricing across Nigeria.
Will Pump Prices Increase Nationwide?
Not necessarily immediately, but many industry analysts expect some adjustment because:
- Ex-depot prices directly influence retail prices.
- Transportation costs vary across states.
- Individual filling stations determine final selling prices.
Consumers should expect different prices depending on their location.
Key Facts About the Dangote Petrol Price Adjustment
- Dangote Refinery has resumed petrol sales in naira.
- The refinery fixed its ex-gantry price at ₦1,215 per litre.
- The increase represents ₦140 over the previous price.
- The earlier dollar-pricing arrangement has been discontinued.
- Pump prices may change depending on marketers and location.
Frequently Asked Questions
What is the new Dangote petrol price?
Dangote Refinery now sells petrol to marketers at an ex-gantry price of ₦1,215 per litre.
Why did Dangote increase petrol prices?
The refinery cited changing market conditions, higher crude costs, and the economics of production following its return to naira transactions.
Is Dangote still selling petrol in dollars?
No. Dangote Refinery has resumed petrol sales in naira, ending the temporary dollar-pricing arrangement.
Will fuel become more expensive?
Retail prices may increase depending on marketers, transportation costs, and individual filling stations.
Does this affect all petrol stations?
Not immediately. Each marketer determines its own retail price, although changes in ex-depot pricing usually influence the wider market.
Final Thoughts
The latest Dangote petrol price adjustment marks another important development in Nigeria's petroleum sector. While the return to naira-denominated sales is welcomed by many marketers, the new ₦1,215 per litre ex-gantry price could lead to higher pump prices if retailers pass the increased costs on to consumers.
As global crude oil prices and domestic supply conditions continue to evolve, motorists and businesses should monitor future pricing announcements from Dangote Refinery, regulators, and major fuel marketers.
Stay connected with AndroidPols for verified updates on fuel prices, government policies, and other major developments affecting Nigerians.
