The Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, by N75 per litre.
With the new adjustment, the refinery has raised its loading price from N1,200 per litre to N1,275 per litre. Coastal supply prices also moved upward, climbing to N1,215 per litre.
The price change, which reportedly took effect alongside internal operational adjustments, is already creating tension across the downstream petroleum market.
An official confirmed the development, stating: “Yes, the increase of PMS to N1,275 per litre is true. Coastal price is N1,215.”
According to another source familiar with the situation, the refinery also suspended its Proforma Invoice entry process at about 4:00 pm on Tuesday, a move that disrupted normal fuel loading schedules.
The suspension reportedly led to a temporary halt in the sales of petrol and Automotive Gas Oil, further affecting supply activities within the system.
