Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (petrol) to ₦1,350 per litre, up from ₦1,275.
The latest adjustment signals another upward movement in Nigeria’s downstream fuel market.
According to a report citing market sources, the new pricing structure has been confirmed, while Proforma Invoice was suspended on Tuesday, indicating a revised price across loading channels. Marketers have already begun adjusting their depot and retail strategies in response.
Industry players say the increase is likely to reflect in pump prices in the coming days, particularly in major consumption areas, as operators respond to rising landing and replacement costs.
The ₦75 hike comes amid continued pressure in the global oil market and ongoing supply-side changes within the domestic distribution system, both of which are influencing ex-depot pricing.
Global oil prices recently declined by about four per cent, with West Texas Intermediate briefly dropping below $100 per barrel on renewed hopes of easing tensions in Iran and the possible reopening of the Strait of Hormuz.
The new increase comes just a week after the refinery raised its price from ₦1,200 to ₦1,275 per litre, highlighting the rapid pace of changes in the downstream sector and the refinery’s growing impact on local fuel pricing.
It is also the second ₦75 increase recorded within seven days.
Over the past month, Dangote Refinery has adjusted petrol prices several times, reflecting fluctuations in crude oil costs, foreign exchange pressures, and domestic supply dynamics.