Petrol prices climb again as Dangote refinery raises rates
The price of petrol in Nigeria has surged to N1,332 per litre after another hike by the Dangote Petroleum Refinery. MRS Oil Nigeria Plc has issued a new pricing template to dealers, signaling a nationwide adjustment. The Dangote refinery has implemented five price increases in March, pushing up both gantry and coastal prices. Consumers and businesses are expected to feel the impact immediately as energy costs continue to rise.
TLDR
- Dangote Petroleum Refinery raised its gantry price to N1,275 per litre and coastal price to N1,646,748 per metric tonne, effective from March 21, 2026.
- MRS Oil Nigeria Plc set a new pump price of N1,332 per litre for dealers, with company delivery at N1,290 and self-collection at N1,282.
- The refinery has adjusted petrol prices five times in March, with the gantry price rising from N774 to N1,275 per litre.
- Diesel prices also jumped to N1,750 per litre, marking a N250 increase from the previous rate.
- The rapid price hikes are attributed to global crude oil market volatility and supply chain disruptions.
