Petrol now ₦1,300 at Dangote’s gate: what it means at the pump
Dangote Refinery raised its petrol gantry price from ₦1,215 to ₦1,300 per litre on Tuesday, 3 November 2026, and pump prices at major filling stations have followed, Legit.ng reported.
The refinery also changed how it sets prices. It stopped linking its price to the European petrol benchmark and moved to a fixed gantry price, which it says will bring stability and reduce exposure to swings in world markets, according to Legit.ng.
What you are paying now
| Seller | Price per litre |
|---|---|
| NNPC and MRS stations | ₦1,360 |
| Mobil | ₦1,349 |
| Independent marketers | ₦1,365 to ₦1,370 |
Prices vary by location, and some Lagos stations are selling at up to ₦1,370.
From refinery to your tank
The price at the pump is more than the refinery price. A litre passes through several hands:
- Gantry (refinery) price: what marketers pay to load petrol at the refinery, now ₦1,300.
- Depot price: what smaller marketers pay at storage depots. In Lagos, depot prices this week ranged from about ₦1,290 to ₦1,310.
- Pump price: what you pay. It adds transport, distribution and the station’s own costs and margin.
Some depots, including Masters in Port Harcourt (₦1,283) and NIPCO in Lagos (₦1,290), were selling below Dangote’s rate on 3 November. Whether those lower wholesale prices reach motorists depends on whether stations pass them on.
Why it matters
Petrol prices feed into almost everything: bus and okada fares, the cost of moving food from farms to markets, and the cost of running generators for homes and small businesses. A rise of ₦85 a litre at the refinery is likely to be felt in transport fares within days.
Jogos Media will track pump prices weekly.
