Don’t Miss This!! Read Also the full news here & the full video of the article.Dangote Petroleum Refinery has increased the gantry price of petrol from N1,265 to N1,350 per litre, effective Saturday, September 12, 2026.
This is the fourth upward review since August 21, raising the price by N185 per litre (15.9%) in 22 days. The circular also adjusted the coastal delivery price from N1,669,545 to N1,783,530 per metric tonne.
The hike follows elevated international crude oil prices, with Brent crude above $104 a barrel amid US-Iran tensions disrupting supplies through the Strait of Hormuz. Customers were directed to return to the Authority to collect documents for repricing.
Key Points:
Nigerians face higher transport, food, and household costs from repeated fuel price hikes.
Businesses grapple with rising logistics and production expenses, squeezing margins.
Dangote Refinery gains from higher prices; consumers and small businesses lose.
The hikes signal Nigeria’s vulnerability to global oil market disruptions.
Timing before the festive season could worsen cost-of-living pressures.
Don’t Miss This!! Read Also the full news here & the full video of the article.
Fuel prices may continue rising if crude remains elevated. Nigerians should anticipate higher transport fares and prepare for broader cost increases.
Sources: Dangote Petroleum Refinery circular