Dangote Petroleum Refinery has once again increased its Premium Motor Spirit (PMS) prices, raising the ex-depot rate to N1,275 per litre, just hours after an earlier adjustment, reflecting mounting volatility in Nigeria’s downstream oil sector.
The new rate is N100 higher than the N1,175 per litre recorded earlier this month, an 8.5 per cent rise, and N30 above the N1,245 per litre price announced late Friday. The refinery clarified that all previous pricing notices are now void.
Coastal prices were also revised, jumping from N1,512,648 to N1,646,748 per metric tonne, a difference of N134,100 or roughly 8.9 per cent.
In a notice to marketers and customers obtained on Saturday, the refinery stated, “Dear Valued Customer, kindly note that the prices contained in our previous correspondence are no longer applicable and should be disregarded. Please find below the current DPRP PMS gantry and coastal prices.”
The firm stressed that the updated prices take immediate effect, applying to all unloaded gantry and coastal volumes from 12am on March 21, 2026.
Customers under existing credit arrangements can continue loading under current terms, provided the Bank Guarantee balance covers the price difference, the notice added.
The multiple price hikes within a single day underscore the intense pressure and unpredictability facing Nigeria’s deregulated petroleum market.
