Dangote Petroleum Refinery and Petrochemicals has raised its ex-depot price for Premium Motor Spirit to N1,275 per litre and Automotive Gas Oil to N1,950 per litre, according to a new pricing template issued to fuel marketers and depot operators.
Dangote Petrol climbed N75 per litre to N1,275, a 5.02 percent increase from last month’s N1,200, while diesel surged N200 per litre to N1,950, up sharply from N1,750, according to a senior refinery official who confirmed the adjustment late Tuesday. Market data from Petroleumprice.ng corroborated the new pricing.
The revision puts diesel within striking distance of the psychologically significant N2,000-per-litre mark, a threshold that, if breached, would send fresh shockwaves through logistics, manufacturing, and agriculture, sectors that remain almost entirely dependent on diesel-powered generators and haulage trucks in a country where grid electricity remains unreliable
“The adjustment is in line with global market trends,” the official said, citing ongoing tensions in the Middle East as a key driver of international crude benchmarks. “These are external factors that directly influence refined product pricing.”
The price hike arrives at a particularly sensitive moment. Nigeria, Africa’s most populous nation and largest economy, has been navigating the downstream consequences of a fuel subsidy removal that took effect in mid-2023 under President Bola Tinubu.
The Nigerian Ports Authority, NPA, said it facilitated export of over 500,000 tonnes of petroleum products from Dangote Refinery to African countries in March.
NPA Managing Director, Dr Abubakar Dantsoho, disclosed this in a statement issued on Tuesday by Mr Ikechukwu Onyemekara, General Manager (Corporate Communications and Strategy).
Dantsoho spoke at a stakeholders’ engagement organized by the Ministry of Marine and Blue Economy in Lagos.
He said in spite of the Middle East conflict affecting global vessel movement, Nigeria remained resilient in supplying petroleum products locally and for export.
He attributed the achievement to the implementation of the One-Stop-Shop introduced by the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola.
According to him, the OSS ensures all stakeholders operating at the Dangote Refinery align seamlessly in their operations.
“In many countries today, workers operate remotely, while others face energy queues, but Nigeria has not experienced such disruptions.
“As a matter of fact, in the past month, we exported over 500,000 tonnes of petroleum products from Dangote Refinery to African countries.
“The exports are handled by ships, supported by the NPA’s capacity in port and cargo operations,” Dantsoho said.
He said the policies driving the achievement were approved by the minister, including the OSS hosted by the NPA.
“This system operates similarly to the National Single Window, ensuring efficiency and coordination,” he said.
Dantsoho noted that all stakeholders now operate in sync with Dangote Refinery’s distribution framework.
NAN
