Last mentioned: Mar 21, 2026
Payment Deadline
Deadline for marketers to provide evidence of payment for price differentials in trading accounts.
Settlement Deadline
Deadline for marketers to provide proof of payment for price differentials under existing guarantees.
Implementation
New ex-depot price of N1,245/litre becomes effective at midnight.
Implementation
New ex-depot price of N1,245/litre becomes effective at midnight.
Price Hike Notification
Dangote Refinery issues late-night notice to marketers regarding price adjustments.
Price Revision Notice
Dangote Refinery issues notice to marketers regarding the upward price adjustment.
Dangote Petroleum Refinery has increased its ex-depot petrol price by nearly 6% to N1,245 per litre, citing escalating Middle East tensions and rising global crude costs. The move, effective March 21, 2026, signals immediate inflationary pressure for the Nigerian economy as marketers prepare to pass costs to consumers.
Dangote Petroleum Refinery has increased its ex-depot petrol price to N1,245 per litre, citing rising global crude costs and geopolitical instability in the Middle East. The adjustment, effective March 21, 2026, is expected to drive up pump prices and transportation costs across Nigeria.
Dangote Petroleum Refinery has increased the ex-depot price of petrol to N1,245 per litre, citing rising global crude costs and Middle East geopolitical tensions. The adjustment is expected to trigger a wave of price increases across the Nigerian logistics and retail sectors.
Dangote Petroleum Refinery has increased its ex-depot petrol price to N1,245 per litre, citing escalating Middle East tensions and rising global crude costs. The price adjustment, effective March 21, 2026, is expected to trigger immediate inflationary pressure across Nigeria's logistics and transportation networks.