By George Omagbemi Sylvester
Nigeria’s Dangote Petroleum Refinery has increased the gantry prices of petrol and diesel, adding fresh pressure on consumers and businesses already struggling with high energy costs. This development was reported today, April 8, 2026, after the refinery announced on Tuesday night, April 7, 2026, that petrol would now sell for ₦1,275 per litre (up ₦75 from the previous rate) while diesel was raised by ₦200 to ₦1,950 per litre at the ex‑depot level.
The refinery confirmed the adjustments were driven by global crude oil benchmarks and prevailing market conditions, including geopolitical tensions that have disrupted international oil supplies and kept prices volatile.
The new prices mark a notable jump from last month’s ₦1,200 per litre for petrol and ₦1,750 per litre for diesel, with diesel now nearing the ₦2,000 mark that experts say could soon show up at retail pumps.
Although Nigeria boasts Africa’s largest refinery and an expanded local refining footprint, fuel pricing remains tightly linked to international oil markets under the country’s deregulated downstream sector.
That means local refining alone has not yet insulated Nigerians from global price shocks. Analysts warn that marketers are likely to pass on the higher costs to consumers, threatening broader increases in transport, logistics, and food prices.
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