Nigerians and petroleum marketers are bracing for a fresh wave of economic pressure. The Dangote Petroleum Refinery has announced another significant increase in the price of Premium Motor Spirit (petrol), blaming a volatile global landscape for the surge.
In a notice sent to marketers on Friday night and obtained by our correspondent, the refinery disclosed that its ex-depot (gantry) price has jumped from N1,175 per litre to N1,245 per litre. The price for coastal buyers has also been adjusted upward to reflect current market realities.
“Please be informed that due to the current global geo-political situation which has further escalated, the PMS gantry & coastal price has been reviewed and updated as outlined below,” the notice read.
The document showed that the gantry price increased by N70 per litre, while the coastal price rose from N1,512,648 per metric tonne to N1,606,518 per metric tonne.
According to the refinery, the new pricing regime will take effect from midnight on March 21, 2026.
“The refinery raised its coastal price from N1,512,648 per metric tonne to N1,606,518 per metric tonne, while the gantry price increased from N1,175 per litre to N1,245 per litre.
“Please note that the revised price will apply to all unloaded gantry and coastal volumes and is effective from 12am on the 21st of March 2026,” it stated.
