Dangote Refinery raises petrol price again as energy costs and FX pressures intensify
Dangote Refinery has raised its ex-depot petrol price to ₦1,350 per litre (about $0.90), up from ₦1,275 ($0.85), marking another adjustment in Nigeria’s downstream fuel market.
Black News 
![A petrol nozzle in Lagos, Nigeria, as pump prices face potential increases following Dangote Refinery’s latest petrol price adjustment. [Photo by PIUS UTOMI EKPEI/AFP via Getty Images]](https://ocdn.eu/pulscms/MDA_/8f3669b1bec5122f974b00bea13b1308.jpg)
Dangote Refinery has raised its ex-depot petrol price to ₦1,350 per litre (about $0.90), up from ₦1,275 ($0.85), marking another adjustment in Nigeria’s downstream fuel market.
- Dangote Refinery has raised its ex-depot petrol price to ₦1,350 ($0.90), continuing a series of recent increases in Nigeria’s fuel market.
- The latest adjustment follows a previous hike just a week earlier, reflecting rapid shifts in downstream pricing dynamics.
- Marketers are expected to pass on higher costs to consumers, potentially pushing up retail pump prices nationwide.
- Global oil fluctuations and currency pressures are cited as key drivers behind the repeated price changes.
A report by Petroleumprice.ng, citing market sources, said the new pricing template has taken effect, with the Proforma Invoice suspended on Tuesday, April 5, 2026, signalling updated loading costs across distribution channels.
Marketers are reportedly recalibrating depot and retail positions, with expectations that the increase could push pump prices higher in the coming days, particularly in major consumption centres.
The adjustment comes amid volatility in global crude markets, where prices recently fell about four per cent, and West Texas Intermediate briefly dipped below $100 a barrel, driven by easing geopolitical tensions in the Middle East.
It follows a previous increase from ₦1,200 ($0.80) to ₦1,275 ($0.85) just a week earlier, underscoring rapid price movements in the downstream sector.
Within the past month, Dangote Refinery has implemented multiple petrol price adjustments, reflecting changes in crude sourcing costs, foreign exchange pressures and domestic distribution dynamics.
Oil and FX pressures drive pricing changes
Energy analysts say the repeated adjustments highlight the sensitivity of Nigeria’s fuel pricing system to crude costs, foreign exchange movements, and refinery gate pricing, with downstream operators quickly passing on changes to retail markets.
Traders also point to persistent naira volatility as a factor influencing import parity pricing and replacement costs, even as domestic refining capacity increases.
The refinery’s pricing decisions are closely watched by marketers and consumers, given its growing role in shaping domestic fuel supply since it commenced large-scale operations.
Market participants expect further adjustments in line with global crude trends and domestic policy shifts. Retailers in major cities are expected to adjust pump prices upward as new depot costs filter through the supply chain.
Industry watchers say the pace of change reflects heightened uncertainty across energy markets in the near term.
