Dangote refinery has announced an upward adjustment in the gantry price of petrol for marketers.
The company in a statement earlier on Tuesday increased the price of petrol from N699 per litre to N799 per litre.
The refinery had previously reduced the price of petrol from N828 per litre to N699 per litre in December last year, reflecting the drop in global crude oil prices at the time.
Despite the price reduction, the company said many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction.
“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long term market stability and affordability.
“Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre,” the statement said.
The gantry price is the price at which petroleum products are sold from the depot to the retailer before it is transported to the retail outlet and sold to the end consumer.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, stated that the refinery continues to supply the domestic market with approximately 50 million litres of petrol daily, with nationwide evacuation and distribution operating normally.
He noted that the refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued petrol supply during planned maintenance activities.
According to him, this capability ensures that domestic supply remains stable and uninterrupted.
“As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector.
READ ALSO: Dangote Refinery supplied 32 million litres of petrol daily in December – NMDPRA
“Dangote Petroleum Refinery remains focused on delivering energy security, price stability and long-term value for Nigerians,” the statement said.
Kpler, a global energy analytics firm, in its recent report forecasted that the refinery’s operational outlook for the first half of 2026 remains uncertain, as persistent challenges with its Residual Fluid Catalytic Cracking (RFCC) unit continue to cap crude processing rates and constrain gasoline output.
“Overall stabilisation remains months away, and RFCC reliability risks should keep the gasoline ramp-up constrained into H1 2026,” the report said.
Oil prices are experiencing fluctuations due to global events.
On Tuesday, crude oil prices fell slightly as Kazakhstan’s oil production is expected to resume, increasing supply.
Brent crude futures fell 44 cents, or 0.7 per cent, to $65.15 a barrel at 0440 GMT. U.S. West Texas Intermediate crude was down 35 cents, or 0.6 per cent, at $60.28 a barrel.
