Dangote increases petrol price to N1,275 per litre

The Dangote Refinery has increased its petrol price, raising its ex-depot price of Premium Motor Spirit by N75 per litre, while also suspending product sales following a disruption in its Proforma Invoice process.

Price data from Petroleumprice.ng and confirmation from a Dangote refinery official on Wednesday showed that the petrol loading price rose from N1,200 per litre to N1,275 per litre, while coastal supply prices increased to N1,215 per litre.

The change followed operational adjustments and has started affecting 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.”

According to another source, the refinery stopped its Proforma Invoice entry process at about 4pm on Tuesday, April 28, disrupting normal supply scheduling across its loading system. The source mentioned that the suspension led to an immediate halt in both petrol and Automotive Gas Oil sales.

The suspension and price increase have drawn reactions from traders and marketers, many of whom are preparing for higher depot costs and a possible rise in pump prices nationwide.