{"id":340,"date":"2026-05-18T19:22:58","date_gmt":"2026-05-18T16:22:58","guid":{"rendered":"https:\/\/zalebs.com\/news\/dangote-refinery-denies-raising-petrol-prices-says-rates-unchanged\/"},"modified":"2026-05-18T19:22:58","modified_gmt":"2026-05-18T16:22:58","slug":"dangote-refinery-denies-raising-petrol-prices-says-rates-unchanged","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/dangote-refinery-denies-raising-petrol-prices-says-rates-unchanged\/","title":{"rendered":"Dangote Refinery Denies Raising Petrol Prices, Says Rates Unchanged"},"content":{"rendered":"

Dangote Refinery on Wednesday pushed back against claims that it had increased fuel prices, saying its petrol rates have not changed. The 650,000 barrels-per-day complex issued the clarification in a statement posted on its X account, disputing a report that suggested the $20 billion facility had raised the price by N75 to N1,350 per liter.<\/p>\n

According to the refinery, its Premium Motor Spirit (PMS) pricing remains the same, with its ex-depot rate unchanged. \u201cDangote Petroleum Refinery and Petrochemicals Limited has revealed that the price of Premium Motor Spirit (PMS) remains the same, stating that its ex-depot price remains unchanged,\u201d the company said.<\/p>\n

Market commentary has pointed to ongoing volatility in pump prices, citing movement in international crude costs. Crude was reported at $95 and at N101 per barrel on Wednesday, a shift that has continued to feed into local pricing dynamics.<\/p>\n

Over the past two months, retail petrol prices have risen sharply, nearly doubling to a range of N1,365 to N1,375 per liter, from roughly N900 per liter in early February 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dangote Refinery on Wednesday pushed back against claims that it had increased fuel prices, saying its petrol rates have not changed. The 650,000 barrels-per-day complex issued the clarification in a statement posted on its X account, disputing a report that suggested the $20 billion facility had raised the price by N75 to N1,350 per liter. 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