Dangote Petroleum Refinery has today announced an adjustment in its pricing for Premium Motor Spirit (PMS), commonly known as petrol.
In an official notice released on Friday, titled “Communication on PMS Price Review”, the refinery revealed that the new bulk purchase rate will now stand at N955 per litre for customers acquiring between 2 million and 4.99 million litres. For those purchasing 5 million litres or more, the price will be slightly lower, set at N950 per litre.
This change marks a notable 6.17% increase, equivalent to N55.5 per litre, compared to the discounted rate of N899.50 per litre that was extended during the festive season of December 2024. The new rates will take effect from 5:30 PM today, impacting all unsold stock and pending orders, thus compelling buyers to adapt swiftly.
In its communication, Dangote refinery attributed this price revision to the persistent rise in global oil prices. “Kindly be advised that effective from 5:30 PM today, we have implemented an upward adjustment on the gantry price of Premium Motor Spirit. Please note that all stock balances yet to be lifted as at the above-stated time will be repriced at the new rates. We will communicate revised volumes based on the updated prices in due course,” the notice stated.
According to Daily Trust, this increase is a direct response to the soaring price of Brent crude, which has recently climbed to $81.84 per barrel—the highest level seen in 2025—thus placing additional strain on domestic petroleum pricing and leaving consumers bracing for further impacts.
