Dangote Refinery Increases Petrol Price to ₦875 Per Litre
- By Metropolix ~
- March 2, 2026 --
- 0 Comment
By Adeola Idris
Dangote Refinery has raised the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦875 per litre, marking a fresh adjustment in Nigeria’s deregulated fuel market.
The increase reflects ongoing changes in the downstream petroleum sector following the removal of fuel subsidies. Since deregulation, petrol prices have largely been determined by market forces, including global crude oil prices, foreign exchange rates, distribution expenses, and operational costs. Fluctuations in any of these factors can directly influence pump prices nationwide.
The new price is expected to have a ripple effect on transportation, logistics, and the overall cost of goods and services. Fuel remains a critical driver of economic activity in Nigeria, powering vehicles, generators, and industrial operations. As a result, any rise in petrol prices often contributes to broader inflationary pressure across multiple sectors.
While the refinery’s operations are intended to strengthen local supply and reduce dependence on fuel imports, pricing remains sensitive to prevailing economic realities. Consumers, businesses, and fuel marketers will be closely monitoring how this adjustment shapes retail pump prices in the coming days.
This development highlights the evolving dynamics of Nigeria’s energy market, where domestic refining capacity and global economic conditions continue to influence fuel pricing trends.
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