Dangote Refinery Hikes Petrol Price to ₦860/Litre as Global Oil Markets Rally
- The Dangote Refinery has increased its ex-depot prices by 2.38 per cent as of Friday, September 26, 2025
- The rate hike also forced other depot operators to adjust their petrol prices higher to remain competitive
- The development comes as an industrial dispute is rattling the $20 billion refinery over an alleged mass sack of workers
Pascal Oparada, a reporter for Legit.ng, has over ten years of experience covering technology, energy, stocks, investment, and the economy.'
The 650,000 bpd-capacity Dangote Refinery has increased its ex-depot prices.
The new Dangote price comes a few days after the refinery reversed its earlier price adjustment.
Source: Getty Images
At ₦860 per litre, the increase represents a ₦20 jump, or 2.38%, compared to Thursday’s rate.
Dangote Refinery hikes petrol price by N20
According to data obtained from Nigeria’s petroleum price-tracking platform, PetroleumPriceNG, the refinery increased its PMS price to N860 per litre, from N840 seen on Thursday, September 25, 2025.
Other depot owners followed suit with varying price increases as seen by Legit.ng on Friday, September 25, 2025.
Depot owners follow suit
A breakdown of new depot prices.
- FYNFIELD: N860 per litre
- Dangote: N860 per litre
- Pinnacle: N860 per litre
- Integrated: N845 per litre
- MENJ: N846 per litre
- AIPEC: N846 per litre
- NIPCO: N860 per litre
- Rainoil: N855 per litre
Crude oil prices hit a seven-week high
Although the refinery has yet to officially announce the price increase, analysts say surging oil prices may be responsible for the hike.
According to reports, crude oil prices rallied strongly, hitting their highest levels in seven weeks as renewed optimism filtered through global energy markets.
Brent crude rose 0.30% to $69.63, WTI climbed by 0.46% to $65.28 per barrel, while Abu Dhabi’s Murban crude edged 0.10% higher at $71.20.
Natural gas also mirrored the bullish trend, rising 0.41% to $2.916.
Analysts say that for traders, refiners, and policymakers, the global oil rebound signals renewed demand confidence in the face of supply discipline from OPEC+ producers and steady recovery in global economic activities.
Industrial dispute rattles Dangote Refinery
The petrol price hike comes as Dangote Refinery is enmeshed in an industrial dispute regarding the alleged mass sack of workers at the facility.
A prior report by Legit.ng disclosed that the Lekki-based refinery has dismissed reports of a 'mass' layoff at its multi-billion-dollar plant.
The refinery management stated that it only conducted a reshuffle of its workforce to tackle sabotage incidents that raised safety concerns.
Source: Getty Images
In a letter made public and seen by Legit.ng dated September 25 and signed by Femi Adekunle, Chief General Manager of Human Asset Management, $20 billion refinery asked Nigerians to disregard the report of a mass sack.
Dangote fuel distribution fails to lower prices
Legit.ng earlier reported that one week after the Dangote Petroleum Refinery announced the commencement of its direct petrol distribution with free delivery, Nigerians have yet to feel the impact.
The refinery had pegged pump prices at N841 per litre in Lagos and neighbouring Southwest states, and N851 in Abuja, Delta, Rivers, Edo, and Kwara.
However, a market survey revealed that motorists are still buying fuel at higher prices in several states, with rates ranging from N865 to N895 per litre.
Source: Legit.ng
