Dangote Petroleum Refinery Raises Fuel Prices Amid Global Volatility. Lagos, Nigeria — March 6, 2026 Lead Paragraph: The Dangote Petroleum Refinery has increased fuel prices by N100 per liter, citing a rise in global crude prices and supply disruptions due to Middle East tensions. Despite the hike, the company promises to shield Nigerian consumers from the brunt of global energy market volatility by prioritizing domestic supply and absorbing part of the increased costs.
The price adjustment, effective immediately, comes in response to the tightening of global supply chains, which have been further impacted by China’s restriction on gasoline and diesel exports. This has affected fuel availability worldwide, according to industry sources.
The Dangote Petroleum Refinery currently receives five crude cargos monthly from the Nigerian National Petroleum Corporation (NNPC), which are paid for in naira.
However, the refinery requires 13 cargos to operate at full capacity, necessitating the importation of the remaining deficit from overseas markets, which are paid for in foreign currency.
According to the company, this strategy will help mitigate the impact of global energy market fluctuations on Nigerian consumers. Officials commented on the matter.
Industry experts suggest that the rise in fuel prices is also a result of the weaker naira, which has made imports more expensive.
The government has not yet commented on the price hike, but officials are expected to address the issue in the coming days.
The situation is being closely monitored by both the government and the public.
Further details and the government’s response are expected in the coming days.
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Source: Africa.
