Dangote Petroleum Refinery Raises Premium Motor Spirit Price Effective August 2026

Dangote Petroleum Refinery and Petrochemicals FZE has announced a price increase for Premium Motor Spirit (PMS), commonly referred to as petrol, raising the gantry price from N1,185 to N1,200 per litre. This adjustment takes effect on August 26, 2026, signaling a notable development in Nigeria's petroleum pricing landscape.

The refinery communicated this update through an official notice to its customers on Tuesday, issued by the Group Commercial Operations department. The communication, titled “PMS Price Change Communication (N1,185 per Litre To N1,200 Per Litre),” detailed revisions not only for gantry prices but also for coastal deliveries, reflecting the refinery’s latest pricing strategy.

According to the official notice, the coastal price per metric tonne has increased from N1,562,265 to N1,582,380. Concurrently, the gantry price per litre saw a rise of N15, moving from N1,185 to N1,200. These price adjustments are part of the refinery’s ongoing efforts to align with market dynamics and operational costs.

Customers were further instructed to return all existing Authorisation to Collect (ATC) documents for repricing purposes. The refinery emphasized that new volume contracts will be issued promptly to facilitate immediate resumption of loading activities. The notice stated, “You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate loading resumption. Should you require any further clarification, please do not hesitate to contact us.”

This latest price increase follows closely on the heels of a previous adjustment that occurred just days earlier. On August 21, 2026, the gantry price was raised from N1,165 to N1,185 per litre, marking a pattern of incremental price revisions within a short timeframe. Industry watchers have noted these changes as reflective of broader trends affecting fuel pricing in Nigeria.

The refinery's pricing updates are significant for stakeholders, including distributors, marketers, and end consumers, as they directly influence fuel availability and cost structures. The increase in both gantry and coastal prices underscores the refinery’s response to fluctuating market conditions and operational expenses.

In summary, the Dangote Petroleum Refinery’s decision to raise the Premium Motor Spirit price to N1,200 per litre from August 26, 2026, marks an important update in Nigeria’s fuel sector. Customers are advised to comply with the repricing protocols by submitting their ATCs and preparing for new contractual agreements to ensure seamless fuel procurement and distribution.