Nigerians may face another rise in living costs as higher petrol and diesel prices put fresh pressure on transportation, food, businesses and other parts of the economy.
Dangote Petroleum Refinery raised its petrol gantry price by 6.7 per cent to N1,350 per litre from N1,265, effective September 12, 2026.
In a memo to customers, the refinery said: “Dear valued customer, please find below the revised DPRP PMS gantry and coastal price, which is effective September 12th, 2026.”
It also said: “You are advised to return all ATCs for repricing and a new volume contract will be issued for immediate loading resumption.”
The latest Energy Bulletin by the Industry Competency Centre, Lagos, put seven-day average Brent crude at $98.74 per barrel and Bonny Light at $104.65, with the exchange rate averaging N1,323.12/$.
Petrol could rise to N1,400-N1,500 per litre in Abuja and N1,450-N1,600 in Kano, Kaduna and Jos. Diesel may reach N2,100-N2,400 inland.
Petroleumprice.ng CEO Olatide Jeremiah said: “Oil price and freight rate spikes are universal challenges for refineries, except where the Federal Government intervenes.”
He added: “Pump prices could hit N1,500 per litre in major cities across Nigeria if the crisis persists.”
