BREAKING: Dangote Refinery hikes petrol price to N1,275 per litre

Dangote Refinery has increased the ex-depot price of petrol by N75.

Price data obtained from and confirmation from a Dangote refinery official on Wednesday revealed that the refinery raised its petrol loading price from N1,200 per litre to N1,275 per litre, while coastal supply prices climbed to N1,215 per litre.

The development, which took effect amid operational adjustments, is already sending shockwaves through the downstream petroleum market.

The official confirmed the development, saying, “Yes, the increase of PMS to N1,275 per litre is true. Coastal price is N1,215.”

Another source familiar with the situation disclosed that the refinery halted its Proforma Invoice entry process at about 4:00 pm on Tuesday, effectively disrupting normal supply scheduling across its loading system.