Dangote Refinery Resumes Naira Fuel Sales, Raises Ex-Depot Price to ₦1,215 Per Litre
Dangote Refinery Resumes Naira Fuel Sales, Raises Ex-Depot Price to ₦1,215 Per Litre
The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS) in naira, announcing a new gantry loading price of ₦1,215 per litre. The latest price represents an increase of ₦140 from the previous ex-depot rate of ₦1,075 per litre.
The development is expected to have a significant impact on Nigeria’s downstream petroleum sector, as marketers who purchase fuel directly from the refinery will now pay the higher price before distribution to filling stations nationwide. Industry observers believe the increase could trigger a fresh adjustment in retail pump prices across the country in the coming days.
The resumption of naira-denominated sales comes after recent discussions surrounding the refinery’s pricing structure and the supply of crude oil under the Federal Government’s crude-for-naira initiative. The refinery remains a major supplier in Nigeria’s fuel market, making any change in its pricing a key factor influencing fuel costs nationwide.
Motorists, transport operators, businesses, and households are expected to closely monitor the situation as marketers begin to adjust their prices. Analysts note that while the refinery’s operations continue to strengthen local fuel supply, the latest price increase may place additional pressure on transportation costs and the prices of goods and services.
Further updates are expected as independent marketers and retail outlets announce their revised pump prices in response to the new ex-depot rate.
