Dangote Refinery Raises Petrol To ₦1,275, Diesel To ₦1,950 Nigeria’s has increased its ex-depot prices for Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel), further tightening pressure on fuel costs across the country.
The refinery raised the price of petrol to ₦1,275 per litre, reflecting an increase of ₦75 from the previous ₦1,200. Diesel was adjusted upward to ₦1,950 per litre, marking a ₦200 increase from ₦1,750.
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The revisions translate to a moderate increase in petrol prices and a sharper spike in diesel costs, bringing diesel close to the ₦2,000 per litre threshold.
According to market insights, the price adjustments were driven by rising global crude oil prices and prevailing international market conditions.
Increased costs associated with crude sourcing and supply logistics have continued to influence pricing decisions, even for locally refined petroleum products.
The impact is expected to cascade across the economy as fuel marketers adjust pump prices to reflect the new rates. Higher fuel costs typically translate into increased transportation fares, elevated production expenses, and broader inflationary pressure.
Diesel, in particular, remains critical for powering industries and logistics, making its sharp rise more consequential for businesses.
The Dangote Refinery, with a processing capacity of 650,000 barrels per day, has implemented several pricing changes in 2026 amid ongoing volatility in global oil markets.
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Despite boosting local refining capacity, domestic fuel pricing continues to reflect international crude benchmarks and supply dynamics.
The development reinforces the structural reality that local refining has yet to fully shield Nigeria from global oil price fluctuations, leaving end-user fuel prices sensitive to external market forces.
Source : NaijaNews
