Dangote Refinery: Fuel price update in Nigeria

Author: Ogaga AriemuPublished on: July 14, 2026Country: Nigeria

Business & Economy

Dangote Refinery: Fuel price update in Nigeria

Retail fuel pump prices remained unchanged in parts of Nigeria, between N1155 and N1205 per litre, despite ex-depot price increments of N30 to N90. Depot owners such as Ranoil, African Terminal, and Pinnacle raised their ex-depot prices after Dangote Refinery resumed dollar sales and global crude prices surged due to tensions in the Strait of Hormuz. Airstrikes between Iran and the US-Israel escalated, leading to Iran's restrictions on refined product exports.

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