By George Omagbemi Sylvester
Dangote Petroleum Refinery has increased its ex-depot petrol price to N1,275 per litre, reinforcing fresh pressure across Nigeria’s downstream oil market and signaling another adjustment in the deregulated fuel pricing regime.
April 29, 2026 — The development follows ongoing volatility in global crude benchmarks and operational cost adjustments within the refinery, with marketers expected to transmit the new pricing into retail pump increases nationwide.
This latest hike underscores Nigeria’s persistent exposure to international oil price dynamics despite domestic refining capacity, as forex pressures, crude import costs, and logistics constraints continue to influence ex-depot pricing.
Analysts note repeated upward adjustments from the refinery are likely to cascade into higher transportation fares, food inflation, and broader consumer cost-of-living pressures, especially in urban centres already struggling with inflationary stress.
While refinery has projected as a stabilising force in the downstream sector, its pricing behaviour reflects market-driven realities rather than fixed price control, aligning with global energy market fluctuations.
Critics argue the deregulated framework is delivering efficiency but transferring volatility directly to consumers, intensifying economic sensitivity across households and small businesses nationwide.
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