Dangote Refinery has increased its ex-depot petrol price to ₦1,350 per litre (around $0.90), up from ₦1,275 ($0.85), marking yet another shift in Nigeria’s downstream fuel pricing.
According to Petroleumprice.ng, referencing market insiders, the revised pricing structure is already in effect. The Proforma Invoice was withdrawn on Tuesday, April 5, 2026, indicating new loading costs across supply channels.
Fuel marketers are said to be adjusting their depot and retail pricing strategies, with expectations that pump prices may rise soon, especially in high-demand urban areas.
The latest adjustment comes at a time of fluctuations in global oil markets, where crude prices recently dropped by about 4%, with West Texas Intermediate briefly falling below $100 per barrel due to easing geopolitical tensions in the Middle East.
This follows an earlier increase from ₦1,200 ($0.80) to ₦1,275 ($0.85) just a week prior, highlighting the fast pace of changes in the sector.
Over the past month, the refinery has made several price revisions, reflecting shifts in crude oil costs, foreign exchange pressures, and local distribution factors.
Cost and currency pressures shaping pricing
Industry experts note that the frequent changes underscore how sensitive Nigeria’s fuel pricing is to global oil prices, exchange rate movements, and refinery pricing decisions, with downstream players quickly transferring these costs to consumers.
Market traders also highlight ongoing volatility in the naira as a key factor affecting import parity and replacement pricing, despite increased domestic refining capacity.
Given its growing influence in Nigeria’s fuel supply chain since ramping up operations, the refinery’s pricing moves are closely monitored by both marketers and consumers.
Stakeholders anticipate further price changes depending on global oil trends and local policy directions. Retail outlets in major cities are likely to adjust pump prices upward as the new depot rates take effect.
Observers say the rapid adjustments reflect continued uncertainty in energy markets in the short term.