The Dangote Petroleum Refinery has raised its Premium Motor Spirit (petrol) gantry price by N20 per litre, from N1,165 to N1,185 per litre. The new price will take effect from midnight on August 21, 2026, according to Petroleumprice.ng.
The adjustment comes as Brent crude futures topped $93 per barrel on Thursday, hitting a three-week high amid fading hopes of talks between the United States and Iran.
Oilprice.com reports that Brent, the international benchmark, rose by 1.95 per cent to $93.48 per barrel, while the US benchmark, West Texas Intermediate crude, gained two per cent to $86.12 per barrel.
The latest increase also came against a Lagos depot market where PMS is currently trading at N1,200 per litre at Integrated Oil and Gas, African Terminals and NIPCO, while Pinnacle Oil and Gas is selling at N1,190 per litre.
With the new adjustment, Dangote’s gantry price remains N15 below the N1,200 per litre price at three of the depots and N5 below Pinnacle’s N1,190 per litre.
