Dangote Petroleum Refinery has implemented another upward adjustment in the gantry price of Premium Motor Spirit, pushing the cost from N1,265 to N1,350 per litre as of Saturday, September 12, 2026.
This latest change marks the fourth price hike executed by the facility since August 21, tracking recent upward movements in global crude benchmarks.
The refinery previously adjusted its rates from N1,165 to N1,185 per litre on August 21, followed by an increase to N1,200 on August 26, and a subsequent raise to N1,265 on August 29. With the latest addition of N85 per litre, the total increase stands at N185 per litre—a 15.9 percent surge over a 22-day period.
A circular distributed late Friday by the Group Commercial Operations of Dangote Petroleum Refinery and Petrochemicals informed clients of the updated rate schedule.
The notification stated:
“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.”
Data from Petroleumprice.ng corroborates the update, confirming that the gantry cost now sits at N1,350 per litre while coastal delivery has shifted from N1,669,545 to N1,783,530 per metric tonne. Distributors have been instructed to submit their current Authority to Collect documents to receive updated pricing and contract documentation before loading can restart.
The price adjustments coincide with ongoing volatility in the global crude market. Brent crude recently traded above $104 per barrel after previously topping $107, driven by persistent geopolitical tensions between the United States and Iran that have impacted maritime routes in the Strait of Hormuz. Tanker disruptions and reduced shipping traffic through the corridor have tightened global supply expectations, inflating refined fuel costs internationally.
Refinery representatives have not offered additional comments regarding the latest tariff modification.
