₦airaland Forum

Dangote Refinery has notified customers of a price adjustment for Premium Motor Spirit (PMS), raising the gantry price from ₦1,175 to ₦1,245 per litre an increase of ₦70 per litre.


The revised rate will take effect from 12:00 a.m. on March 21, 2026, and will apply to all outstanding and unloaded volumes.


Additionally, the refinery increased its coastal supply price from ₦1,512,648 to ₦1,606,518 per metric tonne.


The adjustment was attributed to the persisting global geopolitical tensions.

The refinery clarified that customers holding valid Bank Guarantees may continue loading under their current arrangements, provided they settle the price difference.


All such differential payments must be completed by March 23, 2026.

Source: https://dailypost.ng/2026/03/20/again-dangote-refinery-increases-petrol-price

Only God will help us.....cost of transportation is killing already

Na wa O, by the time this war is over if at all, fuel, food and gas will become luxury. 4k per litre. This is the time to subsidize fuel for Nigerians using the excess windfall from the tension. But no, they will share the money for 2027 elections and keep the rest abroad for Trump to use for the war

Before now, we looked up to NNPC for fuel price, Dangote is now the new NNPC. What is now the job of NNPC?

“Shake that water water nyash.”

He can do so and more. Only him, providing about five African nations with petroleum. He can set any price he wants. The refinery he banked on finally paid off. Let NNPC continue fooling itself. It depends on export. NNPC is as helpless as fellow Nigerians.

Better double your hustle, so that you won't be monitoring prices of fuel and dollars. Except you're selling fuel or dollars, you should be better than an heretic enough to take care of yourself and not be a liability to the nation and your family, place of worship and village. Fuel and forex subsidy is gone, wake up.

I talk am .I know it we come to this level

E go reach 2k very soon, watching in HD

I thought Dangote largely sourced his crude from Nigeria? Has the Nigerian government increased the price of its crude to dangote?

Thats very good....Tinubu is a master strategy..
Hope the Tinubu built lagos crew a buying at subsidized rate ...hand go touch all of una

otega007:
I talk am .I know it we come to this level

Hope you didn't vote for APC

NNPC has lost it relevance - Dangote ti take over!

HeroicMeastro:
I thought Dangote largely sourced his crude from Nigeria? Has the Nigerian government increased the price of its crude to dangote?

They sell to him in foreign currency which fluctuates on the international market but he buys a larger volume of crude from US after which he would always adjust his price of byproducts

The wahala don pass double for Nigerian....... insecurity and others

Dangote did the same stuff with cement and sugar! Now now petrol!

Monopoly should be illegal in this country

I can do this I can do that they know themselves...Even person that not buy will pay for their crime.
Congratulations to Dangote I hope the war in middle east that always caused the excuse for increment last for a year so that mr dangote become richest man in the world .

Just ask Mr Tinubu where are the NNPC The organization that is currently supervising?

I thought you are supporting the Israeli children killers backed by the Epstein's regime to attack Iran unprovoked? Just wait when the crude prices cross $250 per barrel.

segsman:
Only God will help us.....cost of transportation is killing already

M'ron, still crying about your brain dead Peter Gringory Obi?

Aremu683:
Hope you didn't vote for APC

jjcena:
They sell to him in foreign currency which fluctuates on the international market but he buys a larger volume of crude from US after which he would always adjust his price of byproducts

Okay. But I recalled there was agreement with the Tinubu’s govt to sell crude to Dangote in Naira. It's understandable if he buys more crude from the US.
But still, is the Nigerian crude not sufficient to meet Dangote's demand?
Where is the remaining crude from Nigeria taking to?
There are a lot of questions to ask in the Nigerian oil sector.

jjcena:
They sell to him in foreign currency which fluctuates on the international market but he buys a larger volume of crude from US after which he would always adjust his price of byproducts

I thought the deal was sell to him in naira or was BAT lying?

Manny21:
Na wa O, by the time this war is over if at all, fuel, food and gas will become luxury. 4k per litre. This is the time to subsidize fuel for Nigerians using the excess windfall from the tension. But no, they will share the money for 2027 elections and keep the rest abroad for Trump to use for the war

Subsidise the price of fuel for Nigerians and the corrupt bastards in the corridor of power and greedy petroleum marketers will start exporting/smuggle the already subsidised refined crude to neighbouring countries while the common man will queue for days at fuel station.
That is why the subsidy has to go in the first place

Those of you supporting Dangote as Nigeria's messiah, you see what I was saying last year that this man did not mean well for us

We are now seeing his color.

He is now our new NNPC

Mitsurugi:
I thought the deal was sell to him in naira or was BAT lying?

It doesn't make any difference because they are selling to him in dollar equivalent.

Entanglement:
Dangote did the same stuff with cement and sugar! Now now petrol!

Monopoly should be illegal in this country

you do realize that there's a war in the Middle East and that price of crude oil is over 100 dollars right now? Even if you had more refineries it wouldn't make any difference

To pay governors billions to defect to APC is very easy for the current administration,but to pay subsidy for the citizens to alleviate suffering cause by bad policies they won't,black leaders Na wa

HeroicMeastro:
I thought Dangote largely sourced his crude from Nigeria? Has the Nigerian government increased the price of its crude to dangote?

Price of crude is determined by who? Let me help you if you indeed need help.
The price of crude oil isn’t set by a single person or country. It's a combination of Global supply and demand, oil markets where benchmarks are set usually in the US, OPEC, geopolitics and instability in oil regions. It's not like a private school proprietor in your street setting school fees for next term.

Dangote can not Claim he is doing Nigerians Favour by his Continuously benefits himself and family,
Afterall,the Oil is Found in Nigeria,so why is he now using all manners of Style to Push up the Prices of Fuel- just against the Poor Masses?
He ( Dangote) knows that the NNPC and it's Subsidiaries are Dead and don't functions,so he is not ready to reason alongside the Masses.
Dangote should remember that this was what some Nigerians were saying about being a Monopolistic System - created by Govt ( Fed, States and Local Govts) in Nigeria because they just don't allow the NNPC,to Function.
Have you ever seen any Governor to Condemn Dangote Business in Nigeria,NO!
THEY ARE ALL INVOLVED.

Image123:
Better double your hustle, so that you won't be monitoring prices of fuel and dollars. Except you're selling fuel or dollars, you should be better than an heretic enough to take care of yourself and not be a liability to the nation and your family, place of worship and village. Fuel and forex subsidy is gone, wake up.

Instead of u all to hold ur government accountable...u are saying double ur hustle...hustle being to scam fellow Nigerians ...thats all we know in this country ...

Godfullsam:
It doesn't make any difference because they are selling to him in dollar equivalent.

Well it should make a difference now. Is it not possible to sell to him at a lower rate in the national interest or is that too hard too? Other nations are finding ways to help their citizens through the energy crisis or are Nigerians doomed to perpetually suffer a lack of inspirational leadership?

cr7lomo:
Instead of u all to hold ur government accountable...u are saying double ur hustle...hustle being to scam fellow Nigerians ...thats all we know in this country ...

Why should the government be held for what it doesn't control? Dangote is a private business. Crude price is not determined by government. What are you on about?The whole world is affected by the ongoing crude crises, are you living in a hole?