Nigerians face fresh pressure on transport and business costs after Dangote Petroleum Refinery raised its petrol gantry price by 6.7 per cent to N1,350 per litre from N1,265.
The new price took effect on Saturday, September 12, 2026, according to a memo the refinery sent to customers.
The refinery also directed customers with existing loading arrangements to return their Automated Truck Certificates for repricing before loading resumes.
The latest increase is expected to push up acquisition costs for marketers and could result in higher pump prices, particularly in inland markets where products incur additional transportation and distribution costs.
The Industry Competency Centre’s latest Energy Bulletin put the seven-day average domestic petrol price at N1,308.33 per litre and diesel at N1,855.97 per litre.
It also recorded a seven-day average Brent crude price of $98.74 per barrel, Bonny Light at $104.65 and an average exchange rate of N1,323.12 to the dollar.
Industry estimates cited in the bulletin indicate that petrol could sell for between N1,400 and N1,500 per litre in Abuja, with some filling stations potentially charging more than N1,500.
Northern markets, including Kano, Kaduna and Jos, could face prices of N1,450 to N1,600 per litre because of longer supply routes and higher trucking costs.
Diesel prices are also expected to remain elevated. With Lagos ex-depot prices ranging between N1,790 and N2,100 per litre, inland prices could reach N2,100 to N2,400 or more.
Olatide Jeremiah, Chief Executive Officer of Petroleumprice.ng, attributed the latest increase to rising international oil prices and freight costs.
“Gantry and pump prices will ultimately be determined by the impact of the Middle East crisis,” Jeremiah told Sunday Vanguard, adding that petrol prices could reach N1,500 per litre in major cities if the crisis persists.
Lawal Kamaldeen, Vice President of the Oil and Gas Service Providers Association of Nigeria, said the latest N85 increase represented about 6.7 per cent, while cumulative increases since August 21 had reached N185 per litre, or about 15.9 per cent.
Kamaldeen warned that higher petrol prices would raise transportation and logistics costs and put further pressure on agriculture, food distribution, small businesses and household expenses.
He said OGSPAN favoured targeted support for locally refined petroleum products rather than a return to broad import-based fuel subsidies.
Among its proposals, the association called for competitive crude allocation to qualified domestic refineries during periods of exceptional international price volatility, a review of applicable taxes and levies where necessary, and a transparent, time-bound support framework tied to actual domestic production and supply.
Kamaldeen said any intervention should be independently monitored and linked to clear performance benchmarks.
Petrol price rises to N1,350 as Dangote refinery raises gantry price
