downstream sector

Dangote Petroleum Refinery has increased the gantry price of Automotive Gas Oil (AGO), commonly known as diesel, from ₦1,670 to ₦1,750 per litre, effective September 1, 2026

Dangote Petroleum Refinery has explained that the three upward reviews of its Premium Motor Spirit price within eight days were driven largely by the cost of crude oil purchased earlier, rather than movements in international crude benchmarks on the day the refinery adjusted its prices

Dangote Petroleum Refinery and Petrochemicals has banned Premium Motor Spirit (PMS) sales to major marketers who continue importing petrol into Nigeria, citing concerns over product quality, market transparency and brand integrity.

Nigeria’s depot petrol market is facing fresh upward pressure, with prices in different supply hubs expected to move towards ₦1,300 per litre after Dangote Petroleum Refinery increased its Premium Motor Spirit (PMS) gantry price for the third time in nine days.

Nigeria’s downstream petroleum market recorded mixed movements in depot prices between Monday, August 24 and Friday, August 28, 2026, as petrol pricing came under renewed pressure while diesel prices generally weakened across major trading locations.

The Dangote Petroleum Refinery and Petrochemicals has suspended coastal sales of Premium Motor Spirit (PMS) to Lagos depot owners and importers as it redirects products to locations where imported petrol is less available, sources familiar with the refinery's operations have told Petroleumprice.ng

Petroleumprice.ng has launched its Depot Historical Prices service, providing structured historical pricing data for PMS, AGO, LPG and ATK across 92 depots in Nigeria’s major petroleum trading hubs

Nigeria’s modular refining sector recorded a stronger performance in July 2026, led by Edo Refinery, which retained its position as the highest-utilised facility among the refineries with comparable June and July operating data, according to the July 2026 factsheet of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)

Dangote Petroleum Refinery has raised its Premium Motor Spirit (PMS) gantry price by ₦15 per litre, from ₦1,185 to ₦1,200, with the new price taking effect from Wednesday, August 26, 2026.

Nigeria’s petrol and liquefied petroleum gas (LPG) inventories fell below the 30-day minimum fuel sufficiency threshold in July 2026, according to a review of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) July 2026 factsheet conducted by Petroleumprice.ng

Nigeria’s daily petrol imports rose by about nine per cent to nearly 20 million litres in July, as the country’s overall Premium Motor Spirit supply fell by 10 per cent, according to the July 2026 data of the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given 31 companies that won 37 oil and gas blocks in the 2025 Licensing Round 60 days to complete their signature bonus payments or risk forfeiting their provisional awards.

Nigeria’s downstream petroleum market recorded broad-based increases in depot prices between Monday, August 17 and Friday, August 21, 2026, as the rising international oil market and renewed concerns over supply through the Strait of Hormuz filtered into local petroleum pricing.

The Dangote Petroleum Refinery has increased its Automotive Gas Oil (AGO) price by ₦100 per litre, raising the refinery’s gantry price from ₦1,570 to ₦1,670 per litre, effective midnight on August 21, 2026

Frequent changes to Nigeria’s petroleum regulatory framework could weaken investor confidence and threaten fresh capital inflows into the oil and gas industry, the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has warned.