Amid rising geopolitical tensions in the Middle East and their impact on global energy markets, the Dangote Petroleum Refinery has increased the gantry prices of petrol and diesel, further mounting pressure on consumers and businesses across Nigeria.
A senior official at the refinery confirmed on Tuesday night, April 7, 2026, that the price adjustment was driven by prevailing international crude oil benchmarks and market realities.
Under the new pricing template, petrol rose by N75 per litre to N1,275—an increase of about 5.02 per cent—while diesel surged by N200 per litre to N1,950.
The new rates mark a significant jump from last month’s prices of N1,200 per litre for petrol and N1,750 for diesel, pushing diesel closer to the N2,000 per litre mark and intensifying cost pressures across the economy.
“The adjustment is in line with global market trends. You are aware of the ongoing tensions in the Middle East and how they have impacted crude oil prices. These are external factors that directly influence refined product pricing,” the official said.
Market data from Petroleumprice.ng corroborated the increase, confirming the 5.02 per cent rise in petrol prices at the gantry level.
The development comes despite expectations that increased local refining capacity would stabilise domestic fuel prices. However, analysts note that Nigeria remains exposed to global oil price volatility due to its reliance on international crude benchmarks.
With the downstream sector deregulated, fuel prices are largely determined by market forces, including global crude prices, exchange rates, logistics, and refinery operations.
The latest hike is expected to trigger a fresh increase in pump prices nationwide, as marketers are likely to pass on the additional cost to consumers in the coming days.
