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Dangote Petroleum Refinery has raised its Premium Motor Spirit (PMS), also known as petrol, gantry price by ₦15 per litre to ₦1,200.
This marks its second price increase in seven days, raising fresh concerns over the direction of petrol prices in the downstream market.
The latest adjustment, which takes effect on Wednesday, August 26, 2026, moves the refinery’s ex-gantry price from ₦1,185 to ₦1,200 per litre.
The refinery also increased its coastal PMS price by ₦20,115 per metric tonne, from ₦1,562,265 to ₦1,582,380 per metric tonne.
The new prices were contained in a commercial communication from Dangote Petroleum Refinery and Petrochemicals FZE to marketers and other trading partners.
The latest increase comes barely a week after the refinery raised its PMS gantry price by ₦20 per litre, from ₦1,165 to ₦1,185 per litre, effective August 21. That adjustment had itself followed earlier price movements by the refinery in recent months, underscoring the volatility that has characterised the downstream market.
With the latest ₦15 increase, Dangote’s PMS gantry price has risen by ₦35 per litre in less than a week, from ₦1,165 to ₦1,200.
The development is particularly significant because it comes despite a recent easing in international crude oil prices.
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The higher Dangote price is also likely to put fresh pressure on depot and retail prices, as marketers adjust their replacement costs.
As of Monday, August 24, PMS was trading at ₦1,197 per litre at A.A. Rano depot in Lagos, while African Terminals and Integrated depots were quoting ₦1,195 per litre, according to market data obtained from petroleumprice.ng.
The new Dangote gantry price is therefore now above the prices at the monitored Lagos depots, a development that could trigger another round of adjustments across the downstream market.
With the latest hike, marketers were likely to factor the higher refinery price into their depot and retail pricing from Wednesday, potentially reversing recent efforts to moderate pump prices in some locations.
Dangote Refinery directed customers to return all existing Automated Truck Loading (ATC) tickets for repricing following the latest adjustment. It said new volume contracts would be issued to allow loading to resume under the revised commercial terms.
The coastal price increase means bulk buyers using coastal supply arrangements will also face higher costs from Wednesday, with the new rate fixed at ₦1,582,380 per metric tonne.
The repeated price adjustments have renewed questions about the factors influencing Dangote Refinery’s pricing decisions, particularly at a time when international crude benchmarks have softened.
For marketers, the immediate consequence is a higher product acquisition cost, which could translate into higher depot and retail prices if the increase is fully passed through the downstream value chain.
