Dangote Petroleum Refinery Raises Petrol Prices to N955 in Response to Rising Global Oil Costs

Dangote Petroleum Refinery has announced an increase in its Premium Motor Spirit (PMS) prices, also known as petrol, in response to surging global crude oil prices.

In a statement released on Friday, the refinery revealed the new pricing structure, setting the bulk purchase rate at N955 per litre for customers buying between 2 million and 4.99 million litres. Bulk buyers purchasing 5 million litres or more will pay N950 per litre.

This adjustment represents a 6.17% rise, or N55.5 per litre, compared to the N899.50 per litre rate offered during the December 2024 holiday period.

The new prices will take effect from 5:30 PM today, impacting all unsold stock balances and pending orders. The refinery’s notice, titled “Communication on PMS Price Review,” cited rising global oil prices as the reason for the increase.