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Dangote Refinery has increased its gantry price of Premium Motor Spirit amid soaring global crude oil prices and the threats by the United States President, Donald Trump to heighten war with Iran.
Checks by The Eastern Updates on Tuesday showed that the refinery raised its petrol price to N1,275 per liter up from N1,200.
This means that the $20 billion refinery increased its gantry fuel price by slightly N75 or 5 percent.
The development comes after nearly a week of stable domestic fuel prices despite crude oil price volatility.
On Monday, the president of Dangote Refinery, Aliko Dangote, assured Nigerians and Africans of maximum and sufficient petrol supply despite the disruption caused by the Iran-United States-Israel war.
“What I can do is assure Nigerians and most of West Africa, Central Africa, and East Africa that we have the capacity to supply them,” he said during a tour of the plant.
Recall that on March 27th, 2026, the refinery reduced its gantry petrol price as the global oil price dropped.
The Eastern Updates reports that West Texas Intermediate and Brent crude stood at $110 and $105 per barrel as of filing this report.
This follows threats by Trump, on Tuesday that a whole civilization will die Tuesday night in reference to Iran.
Dangote Refinery-backed MRS and other Nigerian filling stations adjusted their petrol retail prices on Saturday less than 24 hours after the 650,000-barrel-per-day plant hiked its gantry petrol by N70 to N1,245 per liter on Friday.
The Eastern Updates observed that MRS filling stations in Abuja and environs have hiked their pump price by N100 to N1,367 per liter on Saturday from N1,267. Similarly, Ranoil, Empire Energy, and AA Rano in Abuja increased their petrol prices to N1,440, N1,430, and N1,370, respectively.
A manager at MRS filling station who preferred anonymity confirmed the latest price hike to Newsmen in a telephone interview.
Read Also: Africa Turns To Dangote Refinery As Iran War Cuts Fuel Flows
“MRS filling stations now sell at N1,367 per liter, an N100 per liter increase from N1,267. This is because of Dangote Refinery’s latest gantry petrol price increment to N1,275 per liter,” he said.
This means that Nigerian filling stations dispense petrol between N1367 and N1440 per liter. However, the Nigerian National Petroleum Company Limited retail outlet still sells petrol at N1261 per liter.
The Eastern Updates had earlier reported that Dangote Refinery’s fourth fuel price hike would mean the majority of Nigerians would have to pay more to get petrol because the refinery supplied 61 percent of Nigeria’s domestic petrol consumption, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s February data.
The domestic petrol price hike comes as a ripple effect of the global crude oil spike to above $110 per barrel as of Saturday as the Iran-United States-Israel conflict impact global economies.
African governments from Johannesburg to Nairobi are in urgent contact with the Dangote Petroleum Refinery and Petrochemicals outside Lagos, seeking emergency supply contracts as the U.S.-Israel war against Iran chokes off the Middle Eastern fuel flows that most of the continent has depended on for decades — a structural vulnerability that the ongoing closure of the Strait of Hormuz has exposed with sudden and potentially destabilizing force.
Dangote Petroleum Refinery and Petrochemicals has been approached by South Africa and other governments in the region, as well as from countries outside the continent, a company executive confirmed in a statement.
South Africa, Ghana, Kenya, and several other African countries have indicated their interest in becoming customers of the 650,000-barrel-per-day Lagos facility. South Africa is seeking a standard 12-month supply contract with Nigeria, according to people familiar with the discussions who asked not to be named because the talks remain private.
The urgency underlying the outreach reflects both the scale of the disruption and the depth of Africa’s pre-existing supply vulnerability.
About 600,000 barrels a day of oil products that typically flow to the continent from the Middle East are at risk, with tanker traffic through the Strait of Hormuz slowing to a trickle, according to the International Energy Agency. East and southern Africa receive approximately 75 percent of their refined fuel imports from the Middle East — a dependence that had been building for years as domestic refining capacity across the continent contracted.
Africa, which accounts for about seven percent of global crude output, saw its refining capacity shrink by approximately one-third over the two decades preceding the Dangote refinery’s commissioning — a contraction driven by plant closures, chronic underinvestment, and the inability of aging facilities to meet tightening fuel quality standards.
The result was a continent that produces significant volumes of oil but increasingly imports the refined products its consumers need, at prices and on logistics chains ultimately dependent on uninterrupted access to Persian Gulf infrastructure.
