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Petrol prices have reportedly surged across Nigeria after Dangote Petroleum Refinery & Petrochemicals increased its gantry price of Premium Motor Spirit (PMS) by N100 per litre.
The refinery had increased its ex-depot price of PMS to N875 per litre, up from N774.
Partner retailers MRS Oil Nigeria Plc and NNPC Limited followed suit, raising pump prices to match the new rate, a Vanguard survey revealed on Tuesday.
MRS and NNPC now sell petrol at N975 per litre, up from N875 on Monday.
Other stations, including AYM Shafa and AA Rano, increased prices by N80, bringing their rates to N960 per litre.
A senior refinery official confirmed the adjustment to the media house.
The official attributed the decision to recent volatility in global crude oil markets.
“Yes, the price has been reviewed. The new gantry price is now N874 per litre, up from N774. The revision became necessary due to changes in global crude fundamentals and replacement costs,” the official said.
The increase comes after Dangote Petroleum temporarily suspended petrol loading operations starting midnight on March 2, 2026, following a spike in international crude oil prices above $80 per barrel.
While PMS issuance and proforma invoices were halted, diesel loading continued uninterrupted.
Industry analysts say the revised gantry price is likely to drive further increases at retail pumps nationwide.
