Dangote Petroleum Refinery has raised the price of petrol sold to its customers from N1,265 to N1,350 per litre, with the new rate taking effect on Saturday, September 12, 2026.
The latest increase adds N85 to the previous price and marks the fourth time the refinery has adjusted its petrol price upwards since August 21.
The refinery had initially moved the price from N1,165 to N1,185 per litre on August 21. Five days later, it was increased to N1,200, before another adjustment on August 29 took it to N1,265 per litre.
With Saturday’s increase, the price has risen by N185 per litre within 22 days, representing a 15.9 per cent increase.
The latest development was contained in a notice sent to customers by the Group Commercial Operations of Dangote Petroleum Refinery and Petrochemicals on Friday.
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 reviewed upward, moving from N1,669,545 to N1,783,530 per metric tonne.
Customers were asked to submit their existing Authority to Collect documents for repricing, after which new volume contracts would be provided to enable them resume loading.
The fresh increase comes as international crude oil prices remain elevated. Brent crude has traded above $104 per barrel after previously exceeding $107 amid concerns over disruptions to global oil supplies.
The situation has been worsened by tensions involving the United States and Iran, with developments around the Strait of Hormuz affecting oil shipments.
Reduced flows through the strategic waterway, coupled with attacks on tankers and shipping restrictions, have heightened concerns about crude supply and pushed up the cost of refined petroleum products.
As of the time of filing this report, officials of Dangote Refinery had not responded to enquiries seeking further details on the latest price increase.
