Dangote Refinery has increased its petrol price to ₦1,245 per litre after adding ₦70 to the previous rate.
The refinery implemented the new gantry price at midnight on March 21, 2026.
The increase now affects all outstanding and unlifted product volumes.
The company also raised its coastal supply price to ₦1,606,518 per metric tonne.
It previously sold the product at ₦1,512,648 per metric tonne.
Officials said current global oil market conditions forced the adjustment.
They explained that supply pressures continue to shape international crude prices.
Global oil tensions drive increase
Dangote Refinery linked the petrol price increase to ongoing geopolitical tensions in global oil markets.
These tensions continue to disrupt crude supply and influence pricing worldwide.
Energy analysts say such disruptions often push domestic fuel prices higher.
The company confirmed that customers with valid bank guarantees can still load products.
However, they must pay the price difference before completing transactions.
The refinery also directed all buyers to clear outstanding payments before March 23, 2026.
The increase may trigger higher petrol prices across Nigeria’s downstream market.
Retail marketers often adjust pump prices after changes in gantry rates.
Market watchers expect further price movements if global pressures persist.
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