Dangote refinery increased petrol price to N1,245 per litre

Dangote Petroleum Refinery has increased the price of Premium Motor Spirit, also known as petrol following the escalating crisis in the Middle East.

In a notice sent to marketers on Friday evening, the refinery said the ex-depo price had been increased from N1,175 per liter to N1,245 per liter.

The new ex-depot price is N70 per liter higher than the old price.

This also increased the coastal price from N1,512,648 per metric ton to N1,606,518 per metric ton.

The new prices will take effect from midnight on March 21 (Saturday).

READ ALSO: Dangote refinery increases ex-depot price of petrol to N875 amid surge in crude oil

“Please note that due to the current escalating global geo-political situation, PMS gantry & coastal prices have been reviewed and updated as outlined below,” the notice read.

“The refinery increased the coastal price from N1,512,648 per metric ton to N1,606,518 per metric ton, while the gantry price increased from N1,175 per liter to N1,245 per liter.

“Please note that the revised prices will apply to all gantry and beach volumes removed and come into effect from 12:00 on March 21, 2026.”