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Dangote Petroleum Refinery has again raised its ex-depot, or gantry, price for Premium Motor Spirit, commonly known as petrol, from N1,265 to N1,350 per litre.
The new price took effect on Saturday, September 12, 2026, marking the fourth increase announced by the refinery in less than a month.
The latest N85 adjustment comes amid sustained volatility in the international oil market, with crude prices rising significantly in recent weeks.
The refinery had initially increased its petrol gantry price from N1,165 to N1,185 per litre on August 21. Five days later, the price moved to N1,200 before another increase to N1,265 on August 29.
With the latest adjustment, the refinery’s petrol price has risen by N185 per litre in 22 days, representing an increase of approximately 15.9 per cent.
The new prices were communicated to customers in a circular issued late Friday by the Group Commercial Operations Department of Dangote Petroleum Refinery and Petrochemicals.
The circular read, “Dear Valued Customer, please find below the revised DPRP PMS gantry and coastal prices, which are effective from 12th September 2026:
“Coastal (MT): The old price of ₦1,669,545 has been revised to ₦1,783,530. Gantry (LTR): The old price of ₦1,265 per litre has been revised to ₦1,350 per litre.
“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate resumption of loading.
“Should you require any further clarification, please do not hesitate to contact us.”
The coastal price was also increased, moving from N1,669,545 to N1,783,530 per metric tonne.
Petroleumprice.ng separately confirmed the new gantry price of N1,350 per litre.
The refinery also instructed customers to return their existing Authority to Collect documents for repricing, after which new volume contracts would be issued to facilitate the immediate continuation of loading.
The latest development comes as global crude oil prices remain elevated. Brent crude recently traded above $104 per barrel after earlier crossing the $107 mark, amid continued tensions involving the United States and Iran and disruptions to oil supplies through the Strait of Hormuz.
The strategic waterway has experienced a sharp decline in oil flows in recent weeks, while attacks on tankers and tighter shipping conditions have heightened concerns about global supply.
The developments have kept international oil benchmarks elevated and increased pressure on the cost of refined petroleum products.
As of the time of filing this report, officials of Dangote Petroleum Refinery had not responded to inquiries seeking additional explanations for the latest price increase.
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