Dangote Refinery Hikes Petrol Price by ₦100 per Litre Nationwide
Dangote Petroleum Refinery & Petrochemicals has announced a nationwide increase of ₦100 per litre in the price of petrol, signalling an adjustment in the cost of Premium Motor Spirit (PMS) across Nigeria. The new pricing structure comes as the refinery realigns its product rates following what it described as temporary support measures during the festive season.
According to a statement released by the refinery on January 27, 2026, the ex-gantry price of petrol has been raised from ₦699 to ₦799 per litre, effective immediately. At the same time, retail partner MRS Oil Nigeria will now sell petrol at ₦839 per litre, up from the previous pump price of ₦739 per litre.
Dangote Refinery explained that the earlier price reduction during the Christmas and New Year period was a deliberate measure designed to ease household spending during heightened festive demand. With that period concluded, the company said petrol prices have been “modestly realigned to sustainable levels to support long-term market stability and affordability.”
The refinery has reaffirmed its commitment to ensuring a stable and uninterrupted supply of petrol nationwide, noting that its expanded infrastructure enables it to deliver fuel across the country efficiently. David Bird, the refinery’s Chief Executive Officer, highlighted that Dangote continues to supply roughly 50 million litres of petrol daily to the domestic market, with distribution networks operating normally.
Analysts say the price hike is likely to have a ripple effect on transportation and logistics costs, influencing broader inflationary pressures given petrol’s central role in the Nigerian economy. Motorists and businesses have expressed concern that the increase will further strain household budgets already grappling with high living costs. Market watchers are also watching whether other independent marketers will adjust their pump prices in response.
The adjustment at Dangote Refinery comes amid ongoing efforts in Nigeria to boost local refining capacity and reduce dependence on imported fuel, a longstanding goal for policymakers and energy stakeholders. The refinery — Africa’s largest single-train facility — continues to position itself as a key contributor to the country’s downstream petroleum sector.
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