The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS) in naira, increasing its ex-depot (gantry) price to ₦1,215 per litre, up from the previous ₦1,075 per litre—an increase of ₦140.
The price adjustment is expected to ripple through Nigeria’s downstream petroleum sector, as fuel marketers purchasing directly from the refinery will now pay the higher rate before supplying filling stations nationwide. The development is likely to trigger another round of increases in pump prices across the country.
The refinery’s return to naira-denominated sales follows recent discussions over its pricing model and the Federal Government’s crude-for-naira initiative, under which crude oil is supplied to local refiners. As one of Nigeria’s largest fuel suppliers, any adjustment in Dangote Refinery’s pricing has a direct impact on the nation’s fuel market.
Motorists, transport operators, businesses, and households are now bracing for possible increases in transportation fares and the cost of goods and services as marketers begin to review their retail prices.
More updates are expected as independent marketers and filling stations announce new pump prices in line with the revised ex-depot rate.
