Dangote Refinery has raised its ex‑depot price for petrol by N75 per litre, taking the new rate to N1,350 per litre. The adjustment, announced on 10 May 2026, marks the refinery’s first price increase of the month and follows a similar hike implemented a week earlier.
The latest increase follows the refinery’s 3 May decision to lift the ex‑depot price from N1,200 to N1 275 per litre. On 29 April, Dangote Refinery also raised the same price by N75, moving it from N1 200 to N1 275 per litre. The pattern of consecutive adjustments reflects ongoing cost pressures within Nigeria’s fuel sector.
Ex‑depot price refers to the cost of petrol at the refinery’s storage depots before distribution charges, taxes and other mark‑ups applied by downstream operators. The revised rate of N1 350 per litre will affect retail prices across the country, as distributors incorporate the higher baseline cost into their pricing structures.
The refinery, Africa’s largest single‑site oil‑processing facility, supplies a significant share of Nigeria’s gasoline market. Since commencing operations in 2023, Dangote Refinery has been pivotal in reducing the nation’s reliance on imported fuel. However, volatile global crude prices, fluctuating exchange rates and rising operational expenses have contributed to the recent price adjustments.
Industry analysts note that the series of increases may signal broader cost inflation within the Nigerian refining sector. While the refinery’s output has helped stabilise supply, the higher ex‑depot price is expected to translate into higher retail costs for consumers, potentially affecting household budgets and transport expenses.
The Nigerian government has previously indicated a willingness to monitor fuel pricing to mitigate inflationary pressures. No official response has yet been issued regarding the May 10 increase, but the Ministry of Finance typically reviews refinery price changes to assess their impact on the broader economy.
Consumers and businesses are advised to stay informed of subsequent price notifications from Dangote Refinery and downstream distributors. Continued monitoring of global oil markets and local economic indicators will determine whether further adjustments are likely in the coming weeks.
