Dangote Refinery Resumes Petrol Loading in Naira at ₦1,215/Litre
Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit (PMS) in naira. The new ex-depot price is set at ₦1,215 per litre, reflecting a ₦140 increase or 13% above the previous rate of ₦1,075 per litre. The one-week suspension that followed a brief shift to dollar pricing has ended, easing uncertainty in the downstream sector. The price adjustment mirrors a global crude oil rally, with Brent crude climbing to $93.90 per barrel and WTI rising to $86.65 per barrel. Marketers and consumers are already feeling the impact of higher ex-depot prices, sparking concerns over fresh pump price hikes at filling stations nationwide. Restoring naira-denominated truck loading is expected to improve supply after the disruptions caused by the temporary suspension.
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