Petrol Rises to N1,395/Litre as Dangote Refinery Raises Gantry Price to N1,350

Petrol pump prices jumped to N1,395 per litre on Saturday as filling stations adjusted to the Dangote Petroleum Refinery’s latest pricing regime, which raised its gantry price to N1,350 per litre.

Checks by our correspondent showed that the Dangote-backed MRS filling station in Alapere, Lagos, increased its price from N1,310 to N1,395 on Saturday.

Petrol sold for N1,385 at the Mobil filling station on the same axis.

The Matrix filling station at Kara, Ogun State, dispensed petrol at N1,360 per litre, while Nigerian National Petroleum Company, NNPC, retail stations in Ibafo sold the product at N1,380 per litre.

Some filling stations, however, had yet to adjust their pump prices as of 6pm on Saturday. Bovas sold petrol to motorists at N1,280 per litre.

The Dangote refinery increased the gantry price of Premium Motor Spirit, PMS, from N1,265 to N1,350 per litre, effective Saturday, September 12, 2026.

The PUNCH had earlier predicted a fresh hike in fuel prices following the rise in global crude oil costs.

The latest adjustment is the fourth upward review of the Dangote refinery’s petrol gantry price since August 21.

The refinery had increased the price from N1,165 to N1,185 per litre on August 21, before raising it to N1,200 on August 26.

It was subsequently increased to N1,265 on August 29. The latest N85 increase has now taken the gantry price to N1,350 in three weeks.

In total, the refinery’s petrol gantry price has risen by N185 per litre, or about 15.9 per cent, in 22 days.