Uche Amunike
Lifeandtimes News Writer
Following a fresh upwards review by marketers in response to the latest rise in Dangote Refinery petrol price, retail filling stations are set to increase petrol prices to at least N1,332 per litre, nationwide.
This development occurred as MRS Oil Nigeria Plc released a new pricing template to indicate what might become the new benchmark for pump prices, nationwide.
In a notice released to dealers on Saturday, the company revealed a revised pump price N1,332 per litre, while company delivery stands at N1,290 per litre, with self-connection pegged at N1,282 per litre.
The notice partly read: ‘Please be informed that our PMS price has been revised as detailed below. Kindly effect changes where necessary: Pump Price: N1,332, Company Delivery: N1,290 Self collection: N1,282. Also note that the portal is open to place orders and you’re encouraged to do so. The minimum quantity for company delivery is 50,000 litres.’
After the latest increase in Dangote Refinery petrol price, the company announced that every product loading would take place at the Dangote Refinery, underscoring their growing dominance in the country’s fuel supply chain. Note that the increase in Dangote Refinery’s ex-depot price was raised to N1,275 per litre for the fifth time in March alone.
On Saturday, the refinery released a notice to their marketers and customers directing them to disregard previous pricing earlier released.
The notice stated: ‘Dear valued customer, kindly note that the prices contained in our previous correspondence are no longer applicable and should be disregarded.’
‘Please find below the current DPRP PMS gantry and coastal prices. The refinery increased its coastal price from N1,512,648 to N1,646,748 per metric tonne, while the gantry price rose from N1,175 to N1,275 per litre,’ it stated, adding that the revised prices took effect from midnight on March 21, 2026.
It further stated: ‘Please note that the revised price will apply to all unloaded gantry and coastal volumes and is effective from 12am on the 21st of March 2026.’
It reiterated that customers that have valid Bank Guarantees would still continue to lift products on the existing approvals as long as they cover the price differential.
‘For customers with a valid Bank Guarantee with DPRP, loading will continue with existing ATCs/PRN (if any) provided the BG credit balance covers the price change differential.’
It is likely that this latest increase in the Dangote Refinery petrol price will trigger a fresh wave of pump price adjustments nationwide, with transport fares and commodity prices likely to rise in response.
This quick succession of rise in prices shows the continued vulnerability of Nigeria’s fuel market to global crude oil, volatility and supply disruptions, notwithstanding the coming on stream on the Dangote Refinery.
As marketers begin to implement the new rates, consumers are expected to feel the impact almost immediately at filling stations nationwide.
Meanwhile, the refinery has also adjusted the pricing template, raising the price of Automotive Gas Oil (diesel) to N1,750 per litre, marking a N250 hike from N1,500 per litre, which was actually just been increased from N1,430 about a week ago.
