By Ghazali Ibrahim
Dangote Petroleum Refinery has increased the price of petrol, also called premium motor spirit (PMS), by ₦100 per litre, a move that is expected to push fuel prices higher at the pumps across Nigeria.
In a statement released on Tuesday, January 27, 2026, the refinery said its ex-gantry price has been realigned to ₦799 per litre, up from ₦699 per litre that had been in effect since December 2025. Under the new structure, retail outlets operated by MRS Oil & Gas will sell petrol at ₦839 per litre, compared with the ₦739 per litre consumers paid recently.
The refinery said the adjustment follows the conclusion of a temporary price support measure implemented during the festive season to ease the financial burden on households. According to the company, this change is intended to support “long-term market stability and affordability.”
The price rise is likely to affect transport costs and household budgets as marketers adjust pump prices in line with the new gantry rate. Many Nigerians have already been facing tighter living costs due to inflation and rising commodity prices, and this fuel adjustment could add further pressure.
Dangote’s Chief Executive Officer, David Bird, said the facility continues to supply approximately 50 million litres of petrol daily to the domestic market and that distribution remains uninterrupted nationwide. He added that the refinery’s operational flexibility ensures a stable supply even during maintenance activities.
The refinery also reiterated its role as a domestic producer, helping shield the Nigerian market from import-related volatility and global supply disruptions, while reaffirming its commitment to energy security and price stability.
While the statement framed the increase as part of a broader effort to maintain market balance, some consumers and industry watchers are concerned that the rise in petrol cost will ripple across the economy, potentially increasing the cost of goods and transportation.
The price realignment comes amid broader shifts in Nigeria’s fuel market, including protective tariffs on imported fuel to support local refining, which industry analysts say have contributed to evolving pricing dynamics in recent months.
As fuel prices begin adjusting at retail stations, motorists are expected to see the impact of Dangote’s petrol price revision in the coming days.
