Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (petrol) to ₦1,350 per litre, up from ₦1,275, marking a fresh upward adjustment in Nigeria’s downstream fuel market.
Market sources told Petroleumprice.ng that the new pricing template has been confirmed, and Proforma Invoice was suspended yesterday, indicating a new price across loading channels, with marketers already recalibrating their depot and retail positions in response to the change.
The ₦75 increase comes amid sustained pressure in the global oil market and ongoing supply-side adjustments within the domestic distribution chain, factors that continue to influence ex-depot pricing decisions.
Industry operators say the latest hike is expected to feed directly into pump prices in the coming days, especially across key consumption centres, as marketers adjust to higher landing and replacement costs.
More details to follow as the situation develops.