Dangote Refinery Hikes Fuel Price to N1,350 in Repeated Monthly Adjustments

Dangote Petroleum Refinery raised its premium motor spirit (petrol) wholesale price to N1,350 per litre on Saturday, September 12, 2026, up from N1,265.

PerSecondNews reports that this marks the fourth upward adjustment to the refinery’s petrol gantry rate since August 21.

The gantry price has trended steadily upward over recent weeks:

*August 21: N1,165 → N1,185 per litre
*August 26: N1,185 → N1,200 per litre
*August 29: N1,200 → N1,265 per litre
*Latest Hike: N1,265 → N1,350 per litre (+$85)

The rapid price trajectory reflects a 15.9% surge (+N185 per litre) over a 22-day period.

Customers were officially notified of the revised rate schedule via a late Friday memorandum issued by the refinery’s Group Commercial Operations division.

It stated: “Dear Valued Customer, please find below the revised DPRP PMS gantry and coastal prices, which are effective from 12th September 2026:

“Coastal (MT): The old price of ₦1,669,545 has been revised to ₦1,783,530. Gantry (LTR): The old price of ₦1,265 per litre has been revised to ₦1,350 per litre.

“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate resumption of loading.

“Should you require any further clarification, please do not hesitate to contact us.”

Petroleumprice.ng also confirmed that the new gantry price stands at N1,350 per litre, while the coastal delivery price was also adjusted from N1,669,545 to N1,783,530 per metric tonne.

Customers were directed to return all existing Authority to Collect documents for repricing.

A new volume contract will be issued to allow immediate resumption of loading.

The circular advised customers to contact the company for any further clarification.

The adjustment comes against the backdrop of elevated international crude oil prices.

Brent crude recently climbed above $104 a barrel and had earlier surged past $107 as the prolonged confrontation between the United States and Iran continued to disrupt oil supplies through the Strait of Hormuz.

Oil flows through the strategic waterway have fallen sharply in recent weeks, with volumes dropping well below the levels recorded during the earlier recovery period.

Attacks on tankers and restricted shipping have intensified supply concerns, keeping global benchmarks firm and placing upward pressure on refined product costs worldwide.