Nigerian fuel retailers have moved to hike pump prices within hours of Dangote Refinery increasing its “gantry” petrol rate, a shift that immediately rippled through retail markets. A field check found that stations in Abuja—operating under brands such as MRS, BOVAS and others—quickly adjusted prices to about N1,370 and N1,365 per litre, rising from roughly N1,292 and N1,295 previously.
That adjustment implies that petroleum product marketers lifted their retail cost by approximately N75 to N78 per litre. The latest round follows Dangote Refinery’s decision on Wednesday to raise its gantry petrol price by N75 per litre, moving it from N1,200 to N1,275, as crude oil prices climbed to above $115 per barrel.
Local reporting links the crude price jump to geopolitical and supply-market developments, including the United Arab Emirates’ exit from the Organization of the Petroleum Exporting Countries. Nigeria has been exposed to swings in global crude prices driven by instability in the Middle East, and the latest move suggests retailers are passing on higher landed costs to consumers more rapidly than before.
Since February 2026, fuel prices have climbed sharply to nearly N1,400 per litre, compared with levels around N800 per litre earlier in the period—underscoring how quickly international oil volatility can translate into higher costs at Nigerian filling stations.
