Motorists across the country will soon witness another round of petrol price hike as the Dangote Refinery has adjusted its ex-depot price by N75 per litre.
The refinery raised its ex-depot price from N1,200 to N1,275 per litre, with coastal supply rising to N1,215.
A refinery official confirmed the adjustment, saying the increase reflected rising feedstock costs.
This is the 13th time the refinery has changed its price since the beginning of this year.
With the latest increase, data from the PetroleumPrice.com indicated that petrol loading prices have surged across Nigerian depots, reaching N1,300 per litre in Calabar and N1,330 in Warri, as Brent crude jumped to $117 per barrel amid an escalating United States-Iran conflict and the shock withdrawal of the United Arab Emirates from OPEC.
The Dangote Refinery also suspended its Proforma Invoice entry process on Tuesday, disrupting PMS and AGO loading schedules across its distribution network.
Data collated by PetroleumPrice.ng showed Warri as the most expensive market, with Nepal at N1,330 per litre and Danmarna at N1,328. Pinnacle, Optima and A&E all quoted N1,325. In Calabar, Jenny loaded at N1,315 and Northwest at N1,300.
Lagos returned the lowest rates, with Pinnacle and African Terminal at N1,280, Rain Oil at N1,290, A.A Rano at N1,285 and Techno Oil at N1,295.
Automotive Gas Oil also reflected the pressure, with First Fortune in Warri quoting N1,950 per litre and Nipco in Lagos at N1,920. Industry sources indicate a further AGO price adjustment from Dangote is expected.
Pump prices are expected to reflect current depot levels within days, with Warri and Calabar likely to record the steepest retail adjustments.
According to a report by OilPrice.com, NNPC raised the official selling prices of all 37 Nigerian crude grades for May-loading cargoes, with Bonny Light up $6.13 per barrel and Forcados up $7.01 compared to April, as international buyers place a growing premium on non-Hormuz supply routes
Recall that Dangote Refinery has raised its petrol gantry prices multiple times since January 2026, driven by global crude oil volatility and Middle East conflicts. These adjustments, totalling at least nine in Q1 alone, have pushed ex-depot rates from around N699 per litre to over N1,200 by late March
Between March 2-3: the price rose from N774 to N874 (+N100), amid crude surges past $80/barrel and Strait of Hormuz disruptions.
On March 7, the gantry price further increased to N995 (+N121), linked to US-Israel-Iran war impacts on supply, before jumping to N1,245 (+N70 from prior N1,175) between March 20-21, then to N1,275, as the fourth hike that month.
April 7: Further up by ~N75 (5%), following a brief pause.
These hikes have set new downstream benchmarks, pressuring retailers and fueling inflation concerns for Nigerian households.
SOURCE: LEADERSHIP NEWS PAPER
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