Several filling stations in Nigeria have increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, following another adjustment in the price of the product supplied by the Dangote Refinery.
The latest increase was reported in parts of the Federal Capital Territory (FCT), where Dangote-backed MRS outlets and other marketers raised their retail prices.
According to reports, the adjustments followed an increase in the refinery’s petrol gantry price, prompting retailers to review their pump prices upward.
The development reflects the increasingly market-driven nature of Nigeria’s downstream petroleum sector, where changes in refinery and depot prices are quickly passed on to consumers.
Fuel prices have already risen sharply this year. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed that average petrol prices in June ranged from about N1,284.50 per litre in Lagos to N1,393 per litre in Maiduguri.
The higher prices have also affected petrol consumption. According to The PUNCH, Nigeria consumed approximately 9.316 billion litres of petrol in the first half of 2026, down by 52 million litres compared with the same period in 2025.
Despite the price increases, domestic refineries have become the major source of petrol supplied to the Nigerian market. NMDPRA data cited by The PUNCH showed that local refineries supplied about 77.9 per cent of petrol delivered to the domestic market during the first six months of the year.
The Dangote Refinery has played a major role in this shift, although petrol prices remain sensitive to international crude oil prices, exchange-rate movements and other market pressures.
The latest increase is therefore expected to place additional pressure on motorists and businesses, with higher fuel costs potentially translating into increased transportation and operating expenses.
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