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Dangote Refinery Cuts Petrol Price Back to ₦1,275/Litre Hours After Increase

Dangote Refinery has reversed its earlier hike in petrol prices, reducing its ex-depot rate for Premium Motor Spirit (PMS) to ₦1,275 per litre, just hours after raising it to ₦1,350. The initial increase, announced on Wednesday, sparked swift reactions across the downstream sector before the refinery rolled it back later the same day. A senior […]

olayinka
May 6, 2026
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Dangote Refinery Raises Petrol Price to ₦1,350 per Litre

Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (petrol) to ₦1,350 per litre, marking another upward adjustment in its pricing structure. The latest hike, confirmed on Wednesday by a senior refinery official and data from Petroleumprice.ng, represents a ₦75 increase from the previous rate of ₦1,275 per litre. This is the second […]

olayinka
May 6, 2026
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Dangote Seals Deal to Distribute 65m Litres of Petrol Daily Nationwide

The Dangote Petroleum Refinery has signed an agreement with 12 leading petroleum marketing firms to distribute up to 65 million litres of Premium Motor Spirit (petrol) daily across Nigeria, a development aimed at strengthening fuel supply and boosting the country’s drive toward self-sufficiency. President of the Dangote Group, Aliko Dangote, disclosed the arrangement in Lagos, […]

olayinka
February 25, 2026
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Petrol May Rise to N1,000/Litre as Dangote Refinery Flags High Cost of Coastal Distribution

Dangote Refinery has warned that petrol pump prices could approach N1,000 per litre if fuel marketers rely extensively on coastal shipping for product evacuation and transfer the associated costs to consumers. The refinery raised the concern while explaining its fuel production and distribution framework, noting that although marketers are free to choose their preferred evacuation […]

olayinka
February 5, 2026
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Dangote Refinery denies importing refined fuel

The Dangote Petroleum Refinery has dismissed claims that it imports refined petroleum products, stating that all petrol and other fuels sold from its facility are fully refined in Nigeria. Speaking at a news conference in Lagos on Wednesday, the Chief Executive Officer of the refinery, Mr David Bird, said the allegations misunderstood standard refinery operations. […]

olayinka
February 5, 2026
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