Stories by Yakubu Lawal

Dangote Refinery and Petrochemicals FZE have increased the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,185 to N1,200 per litre.
The new price according to Dangote Refinery took effect on Wednesday, August 26, 2026.
The refinery announced the adjustment in a notice to customers issued on Tuesday by its Group Commercial Operations.
The communication, titled “PMS Price Change Communication (N1,185 Per Litre to N1,200 Per Litre),” informed customers of revised prices for gantry and coastal deliveries.
According to the notice, the coastal price increased from N1,562,265 per metric tonne to N1,582,380 per metric tonne, while the gantry price rose by N15 per litre.
The refinery also directed customers to return all Authorisation to Collect documents for repricing before resuming loading.
“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate loading resumption,” the notice stated.
The development comes amid renewed volatility in the international oil market linked to the ongoing US-Iran conflict.
In the domestic market motorists are still paying higher PMS price which hovers around N 1 260 to N1,350 or N1,360 per liter depending on location and fuel stations.
Reuters reported that oil prices fell after investors assessed the latest US sanctions against Iran as less likely to threaten global oil supplies than a military escalation.