Dangote Refinery Raises Petrol Gantry Price to N1,175, Diesel to N1,620

Dangote Refinery has increased the gantry price of petrol to N1,175 per litre, while diesel has been raised to N1,620 per litre, in a move expected to have ripple effects across Nigeria’s downstream petroleum market.

Industry sources said the new pricing applies to fuel lifted directly from the refinery’s loading gantry by petroleum marketers. The adjustment marks one of the latest price reviews by the refinery as operators continue to respond to market conditions and operational costs.

The refinery, located in Lagos, is Africa’s largest oil refinery and has become a major supplier of refined petroleum products to the Nigerian market since it began large-scale production.

Petroleum marketers say the increase in gantry prices could influence pump prices across the country, as retail fuel stations typically adjust their prices based on depot rates, transportation costs, and market demand.

Analysts note that fluctuations in global crude oil prices, foreign exchange pressures, and logistics costs continue to shape fuel pricing dynamics in Nigeria’s deregulated petroleum sector.

While the refinery has not publicly provided detailed reasons for the latest adjustment, industry observers believe the price change reflects prevailing market realities and the need to maintain operational sustainability.

The development comes at a time when consumers and businesses across Nigeria are already grappling with rising energy costs, raising concerns that the adjustment could lead to further increases in transportation and commodity prices nationwide.

Energy experts say the long-term impact will depend on broader market competition, supply levels, and government policies affecting the petroleum sector.