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The Dangote Refinery has increased its ex-depot price of Premium Motor Spirit to 1,350 naira per litre, marking the second price hike in less than a week.
The adjustment, confirmed on Wednesday by a senior official of Dangote Refinery and pricing platform Petroleumprice.ng, represents a 75 naira increase from the previous price of 1,275 naira per litre.
The official said the new gantry price has been implemented across all loading channels, forcing marketers to immediately adjust their pricing templates amid tight supply conditions and shifting cost realities.
“The new pricing template has been activated across the board. All loading points have been updated, and marketers are already responding by adjusting their depot prices,” a senior official familiar with the development said.
“This is not an isolated change; it reflects prevailing supply and cost pressures in the system.”
The price increase comes barely a week after Dangote Refinery raised its ex-depot price from 1,200 to 1,275 naira per litre, reflecting the rapid pace of adjustments in the downstream market.
It is also the second 75 naira increase within seven days.
Despite these upward revisions, a senior management official of the Dangote Group recently revealed that the refinery has been subsidising the petrol and diesel it sells to the Nigerian market.
