Dangote Refinery has increased its gantry price of Premium Motor Spirit amid soaring global crude oil prices and the threats by the United States President, Donald Trump to heighten war with Iran.
On Tuesday, the refinery raised its petrol price to N1,275 per liter up from N1,200.
This means that the $20 billion refinery increased its gantry fuel price by slightly N75 or 5 percent.
The development comes after nearly a week of stable domestic fuel prices despite crude oil price volatility.
On Monday, the President of Dangote Refinery, Aliko Dangote, assured Nigerians and Africans of maximum and sufficient petrol supply despite the disruption caused by the Iran-United States-Israel war.
“What I can do is assure Nigerians and most of West Africa, Central Africa, and East Africa that we have the capacity to supply them,” he said during a tour of the plant.
Recall that on March 27th, 2026, the refinery reduced its gantry petrol price as the global oil price dropped.
West Texas Intermediate and Brent crude stood at $110 and $105 per barrel as of the time of filing this report.
This follows threats by Trump, on Tuesday that a whole civilisation will die Tuesday night in reference to Iran.
