A supply glitch at Dangote Refinery has led to a fresh increase in petrol prices across Nigerian filling stations. The Nigerian National Petroleum Company Limited (NNPCL) retail outlets, including Ranoil, AA Rano, Mobil, and Sharon, implemented a price hike on Monday, with prices rising by 50 or 5.5 percent to N955 per liter, up from N905 per liter, in some areas of Abuja.
Similarly, NNPCL retail outlets in Lagos also adjusted their fuel pump prices upward. The hike has triggered price increments across other filling stations, with Ranoil, Mobil, Sharon, and AA Rano increasing their prices to N930, N920, and N920 per liter, respectively, in Abuja and its environs.
This development comes on the heels of a recent hike in Liquefied Petroleum Gas (LPG) prices, also known as cooking gas, to N1,500 and N3,000 per kilogram in Abuja and Lagos, up from N1,200 and N1,300. The fuel and cooking gas price hikes are expected to worsen the hardship faced by Nigerians, with the country’s headline inflation and food inflation already at 20.1 percent and 21.87 percent, respectively, in August 2025.
According to the President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, the reason for the latest petrol price hike may be connected to the unavailability of Dangote Refinery fuel in the last two days. Maigandi stated that members of the association have not been able to get a supply of fuel from Dangote Refinery since Saturday, which may have resulted in the recent petrol hike among major energy marketers.
The national president of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, described the latest fuel and gas price hike as artificial, attributing it to the challenges posed by the entrance of Dangote Refinery into the downstream sector. Gillis-Harry urged all players, including the 650,000-barrel-per-day refinery, to work out a seamless process with all stakeholders involved to stabilize the industry.
Dangote Refinery recently began a fuel supply scheme nationwide, which has caused a major disruption in the industry. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reported that Dangote Refinery supplies an average of 20 million liters of petrol daily across Nigeria, out of 48 million liters of daily fuel consumption in the country. The recent fuel hike is the second in less than eight days, and key stakeholders are calling for a resolution to the supply glitch to prevent further price increases.