Dangote Refinery has raised its ex-gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to N1,200 per litre, marking the second upward adjustment by the facility in less than seven days. The new price, effective for loading, positions Dangote's petrol above rates recorded at major Lagos depots as of Monday, August 25, 2026.
New Price Above Lagos Depot Rates
Market data from Petroleumprice.ng showed that on Monday, August 25, 2026, petrol at the A.A. Rano depot in Lagos was trading at N1,197 per litre, while African Terminal and Integrated depots both quoted N1,195 per litre. Dangote's revised gantry price of N1,200 per litre therefore sits above the rates recorded at those monitored Lagos depots.
Industry sources indicate the new price is likely to filter through to depot-level pricing from Wednesday, as petroleum marketers begin factoring in the higher cost of sourcing product from the refinery. The adjustment is expected to trigger a new round of price reviews at both wholesale and retail levels.
Impact on Coastal Buyers and Filling Stations
Bulk purchasers who source petrol through coastal supply arrangements will face a revised price of N1,582,380 per metric tonne, effective from August 26, 2026, according to The Guardian. This coastal price adjustment adds another layer of cost pressure for large-volume buyers operating along Nigeria's waterways.
For filling station operators and depot owners, the higher acquisition cost could trigger a new round of price reviews at the retail and wholesale levels. Marketers are also expected to use the adjustment as an opportunity to revisit their margins as the new Dangote price takes hold across the downstream market.
Repricing of Loading Tickets and Market Outlook
Dangote has also asked customers to return all existing Automated Truck Loading (ATC) tickets so they can be repriced under the new commercial terms. Fresh volume contracts will be issued afterwards to allow loading to resume without further delay.
The latest development comes at a time when oil marketers are closely watching crude oil prices, foreign exchange movements and domestic supply conditions, all of which remain important factors in determining petrol prices in Nigeria. Following the latest adjustment by the Dangote Refinery, some major petroleum depots are now expected to release new petrol prices.
Earlier Free Delivery Programme
Earlier, Legit.ng reported that the Dangote Petroleum Refinery introduced a free petrol delivery programme for fuel marketers across six Nigerian states, pricing the product at N1,075 per litre under the first phase of the initiative. A notice issued by the refinery outlined the scheme, which forms part of the company's broader Vision 2030 strategy to strengthen fuel supply logistics and improve access to petroleum products nationwide.
The announcement came days after the refinery opened the sale of petrol to all licensed marketers, ending its previous consortium marketing arrangement. This latest price hike to N1,200 per litre is expected to influence petrol pricing across Nigeria, with depot operators and filling stations likely to adjust their rates in response to the higher gantry cost.
