Dangote Raises Petrol Price by 6.7%, Nigerians Face Fresh Hardship

Nigerian consumers are bracing for another wave of hardship as petrol and diesel prices rise once again. The increase in prices is attributed to rising crude oil costs, transportation expenses, and logistics challenges in the country's deregulated downstream petroleum market.

The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) price by 6.7% to N1,350 per litre from N1,265, effective September 12, 2026. This move is expected to trigger further pump-price adjustments as marketers source petrol from the refinery will face higher acquisition costs.

Industry estimates suggest that petrol could sell for N1,400-N1,500 per litre in Abuja, while diesel prices are also expected to remain elevated, potentially reaching N2,100-N2,400 per litre or higher after transportation and other distribution costs.