The Dangote Petroleum Refinery has raised the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,175 per litre, triggering a temporary suspension of sales by depot operators across several locations.
The development comes days after the refinery reduced the ex-depot price of petrol by ₦100, bringing it down to ₦1,075 per litre on March 10, 2026, from the previous ₦1,175 per litre.
Following the earlier reduction, depot owners had adjusted their selling price to an average of about ₦1,100 per litre. However, the sudden upward review by the refinery forced many operators to halt transactions in order to avoid potential losses and reassess their pricing.
