Dangote raises petrol to N1,200/l despite crude price decline
Dangote Refinery increases petrol price to N1,200/litre despite falling crude oil prices. Find out how this Dangote petrol price hike impacts consumers. Read More: https://punchng.com/dangote-raises-petrol-to-n1200-l-despite-crude-price-decline/
The Dangote Petroleum Refinery and Petrochemicals FZE has raised the price of Premium Motor Spirit (petrol) to N1,200 per litre, effective August 26, 2026. This decision was announced in an official communication to customers, who were instructed to return their Authorization to Collect documents for repricing. The refinery's notice also stated that a new volume contract would be issued for immediate loading resumption.
The price increase represents a N15 per litre rise and follows a recent price hike from N1,165 to N1,185 per litre, which took effect on August 21, 2026. Despite the decline in international crude oil prices, the latest hike could lead to higher pump prices as oil marketers factor in transportation, landing, and other downstream costs.
The Dangote Group has not yet commented on the price increase, which comes amid renewed volatility in the international oil market due to the US-Iran conflict.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
