The Dangote Petroleum Refinery has increased its ex-depot price of Premium Motor Spirit to ₦1,275 per litre, marking another upward adjustment amid ongoing volatility in Nigeria’s downstream sector.
The latest revision represents a ₦100 increase from the ₦1,175 per litre recorded earlier in March and a ₦30 rise from the ₦1,245 announced just hours before the new change took effect.
In a notice issued to marketers and customers, the refinery directed stakeholders to disregard previous pricing communications.
“Dear Valued Customer, kindly note that the prices contained in our previous correspondence are no longer applicable and should be disregarded.
“Please find below the current DPRP PMS gantry and coastal prices. The refinery increased its coastal price from ₦1,512,648 to ₦1,646,748 per metric tonne, while the gantry price rose from ₦1,175 to ₦1,275 per litre,” the notice read.
The refinery also confirmed that the new pricing structure became effective from midnight on March 21, 2026.
“Please note that the revised price will apply to all unloaded gantry and coastal volumes and is effective from 12am on the 21st of March 2026,” it stated.
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It added that customers operating under existing credit arrangements would still be able to lift products, provided they cover the price difference.
“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 firm explained.
Alongside the gantry price increase, the refinery also adjusted its coastal price to ₦1,646,748 per metric tonne, up from ₦1,512,648, reflecting a ₦134,100 increase.
The frequent adjustments highlight sustained pricing pressures, with petrol prices rising sharply throughout March due to global oil market fluctuations and supply disruptions.
Industry data shows the refinery has revised its prices multiple times this month, with the gantry price climbing significantly from ₦774 per litre at the start of March.
The latest increase is expected to push up pump prices nationwide, with likely ripple effects on transportation costs and the prices of goods and services.
The development also comes as demand for refined fuel intensifies across Africa, with several countries seeking supply from the facility amid disruptions in global fuel supply chains.
The refinery maintained that the price changes reflect prevailing market conditions and external pressures beyond its control.