Nigerians would have to face another round of premium motor spirit (petrol) nationwide price hike after Dangote Refinery, on Friday, announced yet another gantry price increment, the fourth time in March 2026 and since the Iran-United States-Israel war escalation.
The 650,000-barrel-per-day refinery in a circular to marketers said it has adjusted its pump price upward to N1,245 per liter from N1,175 per liter.
Dangote’s latest fuel price hike was contained in a notice issued on Friday.
“The gantry price increased from N1,175 per liter to N1,245 per liter,” the refinery stated in the notice, noting that the new price would take effect from Saturday, 21st March 2026.
The refinery blamed the hike on the global geopolitical situation in the Middle East, which caused Brent and West Texas Intermediate crude blends to surge to $112 and $98 per barrel as of Saturday morning.
The spokesperson of the Independent Petroleum Marketers Association of Nigeria and the Natural Oil and Gas Suppliers Association of Nigeria, Chinedu Ukadike, confirmed the latest price hike to DAILY POST.
