Dangote Refinery Raises Petrol Price, Triggering Nationwide Hikes

Dangote Petroleum Refinery has raised its petrol gantry price to N1,350 per litre, a move that has immediately triggered higher retail prices across Nigeria and raised concerns about further increases. The refinery increased its ex-gantry price from N1,265 to N1,350 per litre, effective September 12, 2026, marking its fourth upward adjustment in 22 days. The price hike has led to immediate adjustments at filling stations nationwide. In Abuja, major retailers like MRS, NIPCO, and Mobil increased their pump prices to between N1,395 and N1,430 per litre. In Kano, prices at some stations reached N1,460 per litre, while in Lagos, NNPC outlets raised their price to N1,380. Reports from Port Harcourt and Yenagoa indicate petrol is now selling for N1,400 and N1,385 per litre, respectively. The adjustment is attributed to elevated international crude oil prices, with Brent crude recently trading above $104 per barrel after touching $107. Sources linked the crude price surge to ongoing tensions in the Strait of Hormuz, which have disrupted oil flows and intensified global supply concerns. The cumulative increase from the refinery since August 21 amounts to N185 per litre, or about 15.