Dangote Refinery lifts petrol price to N1,200/litre amid free delivery drive
Dangote Refinery has raised its Premium Motor Spirit (PMS) gantry price to N1,200 per litre, up from N1,185 per litre. This marks the second increase in under two weeks; on August 21 the refinery lifted the price by N20 to N1,185 from N1,165, for a total N35 per litre rise in that period.
Why it matters: The adjustment comes as the Nigerian National Petroleum Company Limited (NNPCL) already raised its pump price to N1,270 per litre in Abuja, with retail prices there ranging from N1,230 to N1,299 per litre. Dangote Refinery supplies most of Nigeria’s petrol, so the gantry hike directly influences what drivers pay at the pump nationwide.
Context and alternatives: Despite the price increase, the refinery continues its free petrol delivery programme across ten locations, including Abuja. Crude oil prices were quoted at $86.62 and $80.35 per barrel at the time of reporting. With pump prices already high, commuters may need to consider travel budgets, car‑pooling, or alternative transport options.
Intelligence prompt: Will you adjust your monthly fuel budget, explore car‑pooling or public transport, or keep current spending habits given the sustained price increases?