The Dangote Petroleum Refinery has adjusted its petrol gantry price upward from ₦1,185 to ₦1,200 per litre, raising concerns over an imminent jump in retail pump prices for Nigerian consumers.
The new pricing structure took effect on Wednesday, August 26, 2026, as communicated through an official directive issued by the refinery’s Group Commercial Operations to its commercial distributors.
The latest ₦15 adjustment comes shortly after a previous price increase on August 21, which saw rates move from ₦1,165 to ₦1,185 per litre.
Directives issued to petroleum marketers
Alongside the gantry price adjustment, the refinery raised its coastal price from ₦1,562,265 to ₦1,582,380 per metric tonne.
In a notice dispatched to oil marketers, the refinery instructed buyers to submit their active loading documentation for immediate adjustment before product discharge could proceed.
“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate loading resumption,” the directive stated.
Divergence from international crude market trends
The upward price review comes despite a visible drop in international crude oil benchmark prices, where West Texas Intermediate (WTI) traded around $82.13 per barrel and Brent crude hovered at $88.37 per barrel.
However, broader market volatility remains influenced by geopolitical tensions in the Middle East, particularly surrounding potential supply disruptions along the strategic Strait of Hormuz.
Downstream analysts project that following the gantry price hike, retail pump prices nationwide could average around ₦1,250 per litre as marketers factor in logistics and distribution costs.
The Dangote Group has yet to issue a formal press statement regarding the underlying drivers of the latest pricing review.
Read Also: NNPCL slashes petrol to ₦1,210 following Dangote’s back-to-back rate cuts
