The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS) following a temporary halt in loading activities, with a revised ex-depot price of ₦850 per litre.
The new price, which took effect on Thursday, August 7, 2025, represents a 3.66 percent increase from the previous rate of ₦820.
The resumption of petrol loading comes after the refinery issued a directive last week suspending all transactions related to PMS loading at its gantry.
The instruction, circulated through a memo titled “Important Update on DPRP Collection Account for PMS,” led to a freeze in allocations to marketers and disrupted distribution in the downstream sector.
Operations at the refinery, located within the Lekki Free Trade Zone and designed to process 650,000 barrels of crude per day, have since resumed, restoring product availability to marketers.
The facility’s return to activity has eased concerns of immediate supply shortfalls, although the adjusted pricing has introduced new cost considerations across the supply chain.
According to verified industry data from petroleumprice.ng, the ₦850 per litre ex-depot rate is now reflected across Dangote’s supply operations. Meanwhile, private depots have not uniformly adopted the new rate.
In Lagos, sales from Pinnacle, Aiteo, and MRS terminals were reported at ₦855 per litre. Zamsom, Parker, and A&E operated at ₦859 per litre, while Nipco Lagos, Matrix Warri, and Prudent Lagos maintained their rates at ₦860 per litre.
In the Port Harcourt and Warri markets, modest price reductions were recorded. TSL and Ever sold at ₦872 per litre, a drop of ₦10 and ₦8 respectively. Sigmund and Masters recorded sales at ₦875, also down from previous levels.
Dangote Refinery has not released an official statement regarding the pricing adjustment. However, industry stakeholders link the move to shifts in international crude oil prices.
The refinery is reported to source about half of its crude feedstock from the United States, creating a pricing structure influenced by global market conditions.
While the price of petrol has increased, the refinery continues to supply Automotive Gas Oil (diesel) at ₦990 per litre to wholesale buyers. This remains below the average price of ₦1,030 per litre recorded at other private depots.
Despite its commissioning in 2023 and plans to expand processing capacity to 700,000 barrels per day, the refinery has not yet fully displaced Nigeria’s reliance on imported refined fuel products.
Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that in May and June 2025, 71.38 percent of the country’s daily PMS consumption was sourced from imports, with only 28.62 percent supplied by the Dangote facility.
Marketers are currently monitoring the potential impact of the revised pricing on pump prices and supply logistics.
Some industry operators have noted that market reactions will depend on sustained supply, consistency in pricing, and broader alignment between domestic refining output and retail distribution needs.
