The Dangote Petroleum Refinery has increased its Premium Motor Spirit gantry price to N995 per litre, marking a sharp N221 rise within four days. With the latest revision, the refinery’s petrol price has climbed from N774 to N995 per litre within four days. Checks on petroleumprice.ng, also confirmed that the new gantry price had already been updated on the portal, signalling a shift in domestic downstream pricing benchmarks. Officials at the refinery have repeatedly defended its pricing decisions, insisting that petrol prices must reflect prevailing global crude oil prices, logistics costs and operational realities. Data by MEMAN indicated that Dangote’s petrol gantry price was N874 per litre as of Monday, while the landing cost of imported petrol was N809.37 per litre, showing a difference of about N64 between the two sources.

Source: Punch March 07, 2026 14:59 UTC