 gantry price by N100, increasing the ex-depot rate from N774 to N874 per litre.){kind=link}
Dangote Petroleum Refinery has raised its Premium Motor Spirit (PMS) gantry price by N100, increasing the ex-depot rate from N774 to N874 per litre.
The adjustment is expected to spark fresh changes in fuel prices across Nigeria.
Market sources attribute the price increase to renewed instability in the global crude oil market, as international benchmark prices climbed above $80 per barrel overnight.
Industry figures also indicate that, beginning midnight on March 2, 2026, the refinery temporarily halted petrol loading operations following the spike in crude prices.
This pause affected the issuance of proforma invoices and PMS loading activities. However, Automotive Gas Oil (diesel) loading reportedly continued without interruption.
Further verification on petroleumprice.ng showed that the implementation of the N874 per litre ex-depot rate marks a new pricing benchmark in the downstream segment, with retail pump prices widely expected to adjust in response.
The announcement created tension within Nigeria’s downstream petroleum market, prompting several private depot operators to suspend petrol sales during trading hours due to uncertainties surrounding replacement costs and future pricing direction.
This latest price review highlights the strong link between domestic fuel pricing and fluctuations in the international crude oil market, raising fresh concerns about the sustainability of pump price stability under Nigeria’s deregulated petroleum regime.