Introduction

Petrol prices have climbed to a new high of N1,395 per litre across Nigeria following another increase from the Dangote Petroleum Refinery. This latest adjustment represents the fourth price hike in less than a month, further tightening budgets for motorists already grappling with rising living costs.

What Happened

The Dangote Petroleum Refinery increased its gantry price from N1,265 to N1,350 per litre effective Saturday, 12 September 2026, as confirmed in an official circular to customers. This brings the total number of upward reviews since August 21 to four, with the price climbing from N1,165 to N1,350—a N185 increase, or approximately 15.9 per cent, in 22 days. Independent price tracker Petroleumprice.ng verified the new coastal delivery price, while filling stations across Lagos and Ogun states adjusted their pumps accordingly. Checks showed MRS stations at N1,395, Mobil at N1,385, Matrix at N1,360, and NNPC retail outlets in Ibafo at N1,380 per litre. Some operators had not yet updated their displays by the evening of Saturday, September 13.

Why This Matters

The consecutive price hikes coincide with sustained international crude oil price spikes, with Brent trading above $104 per barrel due to supply disruptions in the Strait of Hormuz and heightened geopolitical tension between the United States and Iran. For Nigerian consumers, the climb from roughly N830 per litre before the Middle East crisis to over N1,395 now represents a significant strain on transportation and household budgets. The Dangote refinery's pricing decisions, made without public commentary from management, underscore the facility's growing influence over the nation's fuel market and highlight how vulnerable local prices remain to global supply shocks.

Key Takeaways

  • Petrol price has risen to N1,395 per litre at major stations, with the Dangote refinery's gantry price now at N1,350 per litre
  • This is the fourth price increase since August 21, 2026, totaling a N185 rise or 15.9 per cent in under a month
  • International crude oil prices, driven by Middle East conflict and Strait of Hormuz supply concerns, are the primary external factor
  • The refinery has directed customers to return Authority to Collect documents for repricing and issued new volume contracts
  • Consumers are advised to monitor station-specific prices, as adjustments vary by location and operator

Conclusion

With petrol now trading well above N1,300 per litre across much of Nigeria, the Dangote refinery's latest hike signals continued pressure on fuel costs in the near term. Observers suggest that unless international crude stabilizes or the refinery adjusts its strategy, motorists should expect further adjustments in coming weeks. Staying informed through reliable price trackers and official station updates remains the best way for consumers to manage rising fuel expenses.