🔥 Trending Dangote Adjusts Petrol Prices: What You Need to Know

Dangote Refinery has recently adjusted its petrol pricing, resuming sales in Nigerian Naira after a brief period of dollar-denominated transactions. This move, announced on Wednesday, July 23, 2026, aims to provide relief to marketers by eliminating foreign exchange exposure ¹³⁵.

Key Adjustments and Impact

The primary changes and their implications are as follows:

• Return to Naira Sales: Dangote Refinery has reverted to selling petrol in Naira, a significant shift from its recent dollar-based pricing policy ³⁵. This change is expected to ease the burden on marketers who faced challenges with foreign exchange transactions ³⁵.
• New Ex-Depot Price: The new ex-depot (gantry) price for Premium Motor Spirit (petrol) has been set at ₦1,215 per litre ²³⁴.
• Price Increase: This new price represents an increase of ₦140 per litre compared to the previous price of ₦1,075 per litre ¹²⁶. This constitutes a 13.02% rise ⁴⁶.
• Market Impact: The increase in Dangote's ex-depot price is expected to lead to higher pump prices for consumers across Nigeria ². Some sources indicate that this new gantry price from Dangote is still lower than the prices of imported products, which were reportedly around ₦1,274 per litre at some depots as of the night of July 22, 2026 ⁶.
• Relief for Marketers: The decision to revert to Naira sales has been met with relief by marketers, as it removes the complexities and risks associated with dollar transactions ³⁵⁸. The temporary suspension of Naira sales had previously disrupted inland fuel distribution, causing many marketers to turn to private depots where ex-depot prices had surged ⁸.

This adjustment follows a period of economic uncertainty caused by Dangote's temporary shift to dollar pricing for fuel ⁴. The move back to Naira, despite the price hike, is seen as a measure to stabilize the domestic fuel market and simplify transactions for distributors ³⁵.