Dangote Refinery has increased the ex-depot price of petrol by ₦75, pushing its loading cost to ₦1,275 per litre. The adjustment, confirmed on Wednesday, is already stirring concerns of a possible rise in pump prices across Nigeria.

The price hike comes amid operational changes and rising global crude oil costs.

New Depot Price Takes Effect as Supply System Adjusts

Data from industry sources shows the refinery raised its petrol loading price from ₦1,200 to ₦1,275 per litre, while coastal supply prices climbed to ₦1,215. A refinery official confirmed the adjustment, describing it as part of ongoing operational realities.

The increase has quickly filtered through the downstream market, with marketers recalibrating their pricing expectations.

Supply Disruption Adds to Market Tension

Sources familiar with operations said the refinery halted its Proforma Invoice entry process around 4:00 pm on Tuesday. The move disrupted normal supply scheduling and temporarily stalled transactions within its loading system.

The disruption reportedly led to a brief halt in the sale of petrol and Automotive Gas Oil, tightening supply conditions and adding pressure to an already sensitive market.

Marketers Brace for Ripple Effect Nationwide

Industry operators say such adjustments typically cascade through the value chain, affecting transportation, distribution, and retail pricing. Many marketers are now anticipating higher depot costs, which could translate into increased pump prices in the coming days.

The development has heightened uncertainty, particularly as fuel pricing remains a major concern for consumers and businesses.

Global Oil Price Surge Drives Cost Increase

The price adjustment comes as international crude oil prices climb sharply. Brent crude was trading around $114.80 per barrel, while West Texas Intermediate rose to about $103.40, reflecting sustained upward momentum.

Analysts link the surge to geopolitical tensions around the Strait of Hormuz, a key global oil supply route, which has pushed up feedstock costs for refiners.

Rising Costs Set Stage for Possible Fuel Price Hike

With higher crude prices feeding into refinery costs and supply disruptions tightening the market, attention is now on how quickly the increase will reflect at filling stations. The latest adjustment underscores the sensitivity of Nigeria’s fuel market to global shifts and operational changes.