Dangote Refinery Hikes Petrol Price Days After Cutting Rates, Marketers React
- Dangote Refinery has quietly increased petrol prices, a few days after reducing the price to N820 per litre
- The current rate is a 0.36% rise and an addition of N17 to every litre of petrol purchased by customers
- The development comes a few days after the facility announced the suspension of direct sales to unregistered marketers
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Pascal Oparada, a reporter for Legit.ng, has over ten years of experience covering technology, energy, stocks, investment, and the economy.
After a few days of crashing petrol prices to N820 per litre, the 650,000 Dangote Refinery has again raised the gantry rate to N835 per litre.
The new increase, which has yet to be officially confirmed, represents a 0.36% increase and N17 addition per litre.
Source: Getty Images
Dangote Refinery hikes petrol price again
Data obtained from the petroleum product monitoring platform, PetroleumPriceNG, shows that the current rate by the refinery is one of the highest rates among depot owners.
According to the data, other depot operators have also hiked their rates to remain competitive in the market.
Depot prices have surged recently after the mega refinery suspended direct lifting of petroleum product prices by unregistered marketers.
Depot prices monitored by Legit.ng show that operators adjusted their rates based on locations.
New depot prices emerge
- Dangote Refinery: N837 per litre
- Heyden: N835 per litre
- FYNFIELD: N890 per litre
- Liquid Bulk: N860 per litre
- SIGMUND: N860 per litre
- FIRST ROYAL: N835 per litre
- MENJ: N835 per litre
- MAO: N835 per litre
Dangote Refinery prioritises retail sales
A prior report by Legit.ng disclosed that the giant refinery stopped customers from picking up fuel directly from its facility effective Thursday, September 17, 2025.
According to reports, the suspension was conveyed in an email to the firm’s marketing partners and signed by the Group Commercial Operations Department.
The refinery also asked the partners to suspend all payments related to active Product Fulfilment Instructions (PFIs) for self-collection.
It warned that any payments made after September 18, 2025, will not be accepted.
The email read:
“We wish to inform you that, effective 18th September 2025, Dangote Petroleum Refinery and Petrochemicals FZE has placed all self-collection gantry sales on hold until further notice,” the mail stated.
“We encourage all active and newly onboarded customers to register for the DPRP Free Delivery Scheme, which remains fully operational and offers a seamless delivery experience to your station.”
The company apologised for any inconvenience the decision might cause, adding, “We sincerely apologise for any inconvenience this may cause and appreciate your understanding as we implement this operational adjustment.”
Sales to resume as experts blame crude prices
However, the refinery has announced that marketers can resume direct lifting from September 23, 2025.
Experts have clarified that the current depot prices are in response to changes in global crude oil prices.
“Right now, crude oil prices are highly volatile, and traders are hedging against potential losses,” energy policy analyst Adeola Yusuf said.
Yusuf said that the volatility is causing fluctuations in petroleum product prices and will impact pump prices.
Source: UGC
“Whenever there are changes in benchmark prices, petroleum product prices are affected. Nigeria operates a deregulated market, and prices are susceptible to crude oil shocks,” he said.
Dangote Refinery adds 15 new fuel distributors
Legit.ng earlier reported that Dangote Refinery has said that many oil marketing companies have joined its growing list of fuel distribution networks.
The refinery disclosed in a statement on Tuesday that the companies include TotalEnergies, Garima Petroleum, Sunbeth Energies, Sobax Nigeria Limited, and Virgin Forest Energy.
Others are Sixxco Oil Ltd., NU Synergy, and Soroman Limited.
Source: Legit.ng
