Middle East Crisis: Dangote Jerks Up PMS By 100 Naira Per Litre
Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by N100, pushing the ex-depot rate to N874 per litre from N774, in a move that is expected to trigger fresh fuel price adjustments nationwide.
The Guardian confirmed the development on Monday following checks on petroleumprice.ng, which showed that the revised pricing had already taken effect.
Findings indicated that the upward review was driven by renewed volatility in the global crude oil market, with international oil prices surging past $80 per barrel overnight.
Industry data showed that the refinery had, effective midnight on March 2, 2026, suspended petrol loading operations after the spike in crude prices.
The suspension affected the issuance of proforma invoices and PMS loading activities, although Automotive Gas Oil (diesel) continued to load without disruption.
