Petrol Prices Rise Above ₦1,400 as Dangote Refinery Raises Price Again

Petrol prices have climbed above ₦1,400 per litre in parts of Nigeria, adding fresh pressure on households and businesses as international crude oil prices remain above $100 a barrel.

The latest increases followed a fresh adjustment by Dangote Petroleum Refinery, which raised its petrol gantry price from ₦1,265 to ₦1,350 per litre effective September 12.

The ₦85 increase represents a rise of about 6.7 percent and has quickly started feeding through to filling-station pump prices.

Checks across Abuja showed some filling stations selling petrol for as much as ₦1,430 per litre.

NIPCO outlets reportedly moved from around ₦1,350 to ₦1,430 per litre, while Mobil stations increased their price to about ₦1,400. MRS outlets were selling at approximately ₦1,395 per litre.

Across major Nigerian cities, petrol prices were reported in the region of ₦1,400 to ₦1,450 per litre on Monday.

The latest increase comes as global oil markets face major supply concerns linked to the continuing conflict in the Middle East.

Brent crude has remained above $100 per barrel, with prices rising sharply as attacks and disruptions around important oil-producing regions and shipping routes threaten global supplies.

That international increase is putting additional pressure on Nigeria's deregulated downstream petroleum market, where pump prices are influenced by crude costs, refined-product prices, logistics, exchange rates and other supply expenses.

Why Petrol Is Getting More Expensive

The immediate pressure is coming from the rising cost of crude oil.

Nigeria is an oil-producing country, but domestic petrol prices are still affected by movements in the international energy market.

As crude becomes more expensive, refiners and other suppliers face higher replacement costs. Those costs can eventually be reflected in wholesale and retail petrol prices.

Dangote Refinery's latest increase therefore provides an important indicator of the pressure currently moving through the domestic fuel market.

The refinery's gantry price is the wholesale price at which it sells petrol to customers buying directly from the facility.

When that price rises, marketers generally have to reassess their own pump prices to cover the increased cost of replenishing their stocks.

The Impact on Nigerians

For ordinary Nigerians, another petrol price increase could have consequences far beyond the filling station.

Transport operators may face higher operating costs, potentially leading to increased fares for commuters.

Businesses that depend on petrol-powered vehicles or generators could also see their expenses rise.

Higher transportation and logistics costs can then feed into the prices of food, consumer goods and services.

Households are also entering the latest price increase as schools resume and families face additional expenses associated with transportation, education and daily living.

The possibility of petrol prices reaching ₦1,500 per litre in some locations is already generating concern among consumers and businesses.

However, that figure should not be treated as a nationwide price. Petrol prices vary between locations, marketers and filling stations.

A Bigger Oil Problem

The petrol increase is happening against the backdrop of an unusually volatile international oil market.

Brent crude closed at $104.61 per barrel on Friday after climbing above $100 and reaching substantially higher levels during the week.

The market has been responding to concerns about disruptions around the Strait of Hormuz and other key Middle Eastern energy routes.

If those disruptions continue, Nigerian consumers could face further pressure at the pump.

Nigeria could benefit from higher crude prices through increased oil export revenues, but that benefit could be partly offset for consumers if higher international energy costs continue pushing up domestic fuel prices.

The growing role of Dangote Refinery also means its pricing decisions are becoming increasingly important to Nigeria's downstream market.

The refinery currently has capacity to process up to 700,000 barrels of crude per day and has become a major supplier of petrol and other refined products to the Nigerian market.

For now, motorists across Nigeria are facing a new reality at the pump: petrol that cost significantly less only weeks ago is now selling for more than ₦1,400 in some locations.

Whether prices rise further will depend largely on what happens to global crude prices and the disruptions affecting international oil supplies in the coming days.

Key Facts

• Petrol has risen to about ₦1,400–₦1,450 per litre in some parts of Nigeria.

• Dangote Refinery raised its petrol gantry price from ₦1,265 to ₦1,350 per litre.

• The latest Dangote increase took effect on September 12.

• Some Abuja filling stations are selling petrol for about ₦1,430 per litre.

• Brent crude remains above $100 per barrel.

• Higher fuel costs could increase transportation, logistics and business expenses.

• Pump prices vary depending on location and filling station.

• A prolonged international oil-supply disruption could create further pressure on Nigerian fuel prices.

Sources

Reuters — Global oil market reports, September 2026

PUNCH — Dangote Refinery raises petrol gantry price to ₦1,350

Economic Confidential — Petrol rises above ₦1,400 per litre as Brent crude tops $100

The Nigeria Lawyer — Petrol hits ₦1,430 per litre in Abuja

Petroleumprice.ng — Nigeria downstream petroleum price updates