The Dangote Petroleum Refinery has adjusted its petrol price to ₦1,175 per litre, prompting depot operators in several areas to temporarily suspend sales.
The refinery had previously lowered the ex-depot price of Premium Motor Spirit (PMS) by ₦100, bringing it to ₦1,075 per liter on March 10, 2026, reduced from the earlier price of ₦1,175 per litre.
Depot operators, who had started selling at an average price of ₦1,100 per litre, immediately paused their sales transactions due to the refinery’s increase in price.
The refinery has temporarily halted loading operations to reconcile stock levels and adjust to the updated pricing framework.
This revision is a response to the recent increase in global crude oil prices, which have risen from $91 to $100 per barrel for Brent crude, directly influencing the costs of refining.
