Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS) in naira while increasing its ex-depot petrol price by ₦40 per litre, a move expected to influence fuel prices across Nigeria.
The refinery announced on Wednesday that marketers can once again purchase petrol in the local currency after a temporary suspension of naira transactions.
According to the company, the new gantry price for PMS has been fixed at ₦1,215 per litre, up from the previous ₦1,175 per litre charged before sales were suspended on July 14, 2026.
In a statement, the refinery said the resumption of naira sales is aimed at restoring access for marketers purchasing refined petroleum products in the domestic market.
The latest adjustment comes barely weeks after the refinery temporarily switched to dollar-denominated sales, a decision that triggered uncertainty within Nigeria’s downstream petroleum sector and raised concerns among fuel marketers.
DailyInsightNG gathered that the return to naira sales is expected to provide some relief for operators who had expressed concerns over the challenges associated with purchasing products in foreign currency.
However, the higher gantry price is likely to affect pump prices nationwide if marketers pass the additional cost on to consumers.
Over the past week, several depot owners and independent marketers have already adjusted petrol prices upward more than once.
In Abuja and surrounding areas, retail petrol prices currently range between ₦1,270 and ₦1,350 per litre, depending on the filling station.
Industry observers will be watching closely to see whether other suppliers adjust their prices in response to the refinery’s latest pricing decision.