JUST IN: Dangote Refinery Hikes Petrol Price, Suspends Supply Operations

Fresh pressure is building in Nigeria’s fuel market after Dangote Refinery raised the price of petrol and halted supply operations.

The development has triggered concerns among marketers and consumers, as the impact is expected to ripple across the country in the coming days.

The refinery increased its ex-depot price of Premium Motor Spirit by N75 per litre. This pushed the loading cost from N1,200 per litre to N1,275 per litre.

Coastal supply price was also adjusted upward to N1,215 per litre. The new pricing structure has already begun to influence activities in the downstream sector.

A senior official at the facility confirmed the adjustment. According to the official, “Yes, the increase of PMS to N1,275 per litre is true. Coastal price is N1,215.”

The confirmation puts to rest earlier uncertainty among marketers who had reported sudden changes in depot pricing.

At the same time, operations were disrupted after the refinery suspended its Proforma Invoice process. This system is critical for product allocation and loading schedules.

Sources familiar with the situation said the process was halted at about 4:00 pm on Tuesday. The decision affected the normal flow of transactions within the loading system.

The disruption immediately led to a pause in the sale of petrol and Automotive Gas Oil. Trucks waiting for loading were reportedly left stranded, while marketers struggled to secure fresh allocations. The halt in supply has created anxiety across distribution channels.