The Dangote Petroleum Refinery has resumed selling petrol in naira after a brief switch to dollar pricing while increasing its ex-depot price by ₦140 per litre.
In a notice to marketers on Wednesday, the refinery said the new gantry price has risen from N1,075 to N1,215 per litre, effective immediately. Coastal loading prices also increased to N1.60 million per metric tonne.
The move comes just one week after the refinery halted petrol loading and introduced dollar-denominated sales, a decision that disrupted supply and pushed depot prices as high as N1,275 per litre. Many marketers had suspended purchases during that period due to difficulty accessing foreign exchange.
Industry analysts say the return to naira transactions should ease supply constraints and reduce pressure on the foreign exchange market. However, the higher price may still lead to increased pump prices nationwide.
The refinery had earlier justified its temporary dollar pricing by citing challenges in sourcing crude oil under the Federal Government’s naira-for-crude arrangement, forcing it to buy crude in dollars.
With ongoing talks between the refinery and the government, market operators expect improved distribution, though price stability will depend on competition and global crude trends.
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