Dangote Refinery Increases PMS Gantry Price by N100 to N874 Per Litre

Dangote Petroleum Refinery has raised its Premium Motor Spirit (PMS) gantry price by N100, pushing the ex-depot rate to N874 per litre from the previous N774. The adjustment has sparked fresh concerns over a possible increase in pump prices nationwide, as marketers are expected to factor the new depot cost into retail pricing.

Industry sources say the upward review reflects prevailing market realities, including fluctuations in global crude oil prices, foreign exchange dynamics, and operational costs within the downstream petroleum sector. With depot prices serving as the benchmark for distribution, filling stations across the country may adjust their pump prices accordingly in the coming days.

The development comes amid persistent economic pressures, with many Nigerians already facing high transportation and commodity costs. Experts warn that any further rise in PMS prices could trigger a ripple effect on logistics, food supply chains, and overall inflation.

Although the refinery has yet to provide a detailed breakdown of the price adjustment, analysts note that ex-depot increases typically translate into higher retail prices within a short period. Stakeholders are now watching closely to see how marketers and regulators respond to the latest move.