LAGOS, Nigeria — Dangote Petroleum Refinery and Petrochemicals FZE has raised its petrol gantry price to ₦1,200 a litre. The new rate took effect on Wednesday, August 26, 2026.
The ₦15 increase, from ₦1,185 a litre, is the refinery’s second adjustment in less than a week. Its previous increase, from ₦1,165 to ₦1,185, became effective at midnight on August 21, according to industry price trackers.
The latest change was communicated to customers in a notice issued by the refinery’s Group Commercial Operations on Tuesday.
The document set out revised prices for petrol supplied through gantry and coastal channels.
Coastal Price Also Increased
Under the new schedule, the coastal price rose from ₦1,562,265 to ₦1,582,380 per metric tonne. The gantry rate increased by ₦15 a litre.
The communication, titled “PMS Price Change Communication (N1,185 per Litre To N1,200 Per Litre)”, instructed customers holding Authorisation to Collect documents to return them so that their orders could be adjusted to the new rate.
“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate loading resumption,” the notice said.
The refinery added that customers seeking further information could contact its commercial operations team.
The document did not provide a reason for the price increase.
Crude Prices Fell as Petrol Rate Rose
The adjustment came as major international crude benchmarks recorded declines amid shifting assessments of the conflict involving the United States and Iran.
Market data on Tuesday showed West Texas Intermediate crude trading at $82.13 a barrel, down $2.88, or 3.39 per cent. Brent crude was quoted at $88.37 a barrel, a decline of $3.80, or 4.12 per cent.
Murban crude was also lower, trading at $92.71 a barrel after a decline of $8.73, or 8.61 per cent.
Oil traders viewed the latest United States sanctions against Iran as less likely to interrupt global supplies than a renewed military escalation, Reuters reported. Some analysts cautioned that prices could rise again if Iran responded with military action.
Concerns about supply have nevertheless persisted because of restricted traffic through the Strait of Hormuz. Only two commodity vessels crossed the waterway on Monday, the lowest daily number since early May, according to shipping data cited by Reuters.
Before the conflict, the strait carried oil equivalent to about one-fifth of global consumption.
Marketers Review Loading Documents
Marketers and depot operators that received the refinery’s circular were expected to return outstanding collection documents for repricing before loading could resume under new volume contracts.
Any change in retail pump prices will depend on decisions by individual marketers and the additional transport, distribution and operating costs they incur.
Market estimates indicated that average pump prices could move towards ₦1,250 a litre if marketers pass the full increase and associated costs to consumers.
Dangote Petroleum Refinery did not announce a recommended retail price in its notice.
The source report said the Dangote Group had not responded to requests for further comment at the time of publication.
