New pricing structure sparks fresh concerns over fuel costs and transport inflation across Nigeria
Petrol prices in Nigeria are edging closer to ₦1,400 per litre following a fresh adjustment in ex-depot rates by the Dangote Petroleum Refinery, according to market updates on April 30, 2026.
The refinery, which supplies a significant share of refined petroleum products in the domestic market, reportedly increased its ex-depot price, triggering upward adjustments by fuel marketers across various distribution points nationwide.
As a result, retail pump prices in some locations have climbed sharply, with industry trackers indicating that petrol is now approaching the ₦1,350–₦1,400 per litre range depending on location and logistics costs.
Marketers attribute the increase to fluctuations in crude oil pricing, foreign exchange pressures, and logistics adjustments within the downstream petroleum sector.
The development comes amid ongoing deregulation of Nigeria’s fuel market following the removal of petrol subsidies, which has left prices largely determined by market forces and supply chain dynamics.
Transport operators and consumers have expressed concern over the latest increase, warning that it could further push up the cost of goods and services, especially food and commuting expenses.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is yet to issue an official statement on the latest price movement at the time of reporting.
Dangote Refinery, Africa’s largest single-train refinery, has continued to play a central role in domestic fuel supply since beginning large-scale operations, with periodic price adjustments reflecting market conditions.
The latest increase adds fresh pressure on households and businesses already grappling with high inflation and rising energy costs.