Following persistent global geopolitical tensions, which continue to impact crude oil prices and supply chains, Dangote Refinery had announced a it has increased the price of Premium Motor Spirit (PMS), also known as petrol, by ₦70 per litre with a new price been adjusted from ₦1,175 to ₦1,245 per litre, with the change set to take effect from 12:00 a.m. on March 21, 2026. Noted that the revised rate will apply to all outstanding and unloaded volumes.
“The refinery raised its coastal price from N1,512,648 per metric tonne to N1,606,518 per metric tonne, while the gantry price increased from N1,175 per litre to N1,245 per litre.
In a notice sent to marketers on Friday, In addition to the pump price adjustment, the refinery also raised its coastal supply price. The new rate now stands at ₦1,606,518 per metric tonne, up from ₦1,512,648.
The company stated that customers operating under valid Bank Guarantees may continue loading products under existing agreements.
“For customers with a valid Bank Guarantee with DPRP, loading will continue with existing ATCs/PRN (if any) provided the BG credit balance covers the price change differential,” the notice added.
