DANGOTE-REFINERY
Olamilekan Abayomi
Dangote Refinery has increased price of petrol to ₦799 per litre, with MRS Oil Nigeria Plc selling it at ₦839 per litre, reflecting logistics, distribution and retail margins added to the new gantry price. This is a ₦100 increase from the previous price of ₦699 per litre, which was part of a temporary price support introduced by the refinery during the festive season.
The price adjustment marks a return to what the refinery describes as a more sustainable market level, following the expiration of the temporary support. The Federal Government has maintained that fuel prices are fully deregulated, allowing refiners and marketers to set prices based on market realities, costs and competition.
Dangote Refinery’s decision to increase the price is expected to impact consumers, as it adds pressure on household budgets. However, local refining is seen as a step towards reducing foreign exchange exposure, import-related costs and supply uncertainties that have historically driven fuel price volatility.
The refinery had previously reduced its petrol gantry price to ₦699 per litre in December 2025, as part of efforts to cushion consumers during the yuletide period. The latest increase brings the price back to a level that reflects market conditions.
Dangote Refinery produces approximately 50 million litres of petrol daily, meeting a significant portion of Nigeria’s fuel demand. The refinery’s influence on domestic fuel pricing is substantial, especially as independent marketers and major distributors increasingly source products locally.
The development underscores the importance of local refining in stabilizing Nigeria’s fuel market and reducing reliance on imports .
