Dangote Refinery Increases Petrol Price
Analysis based on 15 articles · First reported Jan 26, 2026 · Last updated Jan 27, 2026
The increase in petrol prices by Dangote Petroleum Refinery is expected to trigger a broader price hike across Nigeria's downstream petroleum sector, potentially leading to increased household spending and inflationary pressures. This move by Dangote Petroleum Refinery, despite its commitment to market stability, could negatively impact consumer sentiment and the profitability of retail outlets like MRS Oil Nigeria.
Dangote Petroleum Refinery has increased the gantry price of Premium Motor Spirit (PMS) from N699 to N799 per litre, with MRS Oil Nigeria retail outlets now selling at N839 per litre. This adjustment follows the conclusion of a temporary price support intervention implemented by Dangote Petroleum Refinery during festive periods to cushion Nigerians from high costs. Despite previous efforts to maintain lower prices, including a statement from Aliko Dangote, the refinery cited the need for sustainable levels to support long-term market stability and affordability. David Bird, CEO of Dangote Petroleum Refinery, reaffirmed the refinery's commitment to an uninterrupted nationwide supply of PMS, noting its capability to process various feedstocks and shield Nigeria from import-related volatility. The price hike is expected to influence petrol prices across Nigeria, including those at NNPC Limited stations.
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