Petrol pump prices rose to N1,395 per litre on Saturday as filling stations across Lagos and Ogun States adjusted their rates in response to the Dangote Petroleum Refinery’s latest pricing review.

The refinery had raised its gantry price for petrol to N1,350 per litre, prompting marketers to review their pump prices accordingly.

Findings by The PUNCH showed that the Dangote-backed MRS filling station in Alapere, Lagos, moved its price from N1,310 to N1,395 on Saturday.

At the Mobil filling station on the same route, petrol sold for N1,385 per litre.

The Matrix filling station located at Kara in Ogun State dispensed petrol at N1,360 per litre.

Retail outlets belonging to the Nigerian National Petroleum Company in Ibafo sold the product at N1,380 per litre.

Not all filling stations had reviewed their prices as of 6pm on Saturday, however.

Bovas, for instance, continued to sell petrol at N1,280 per litre as of that time.

The Dangote refinery had raised its petrol gantry price from N1,265 to N1,350 per litre, with the new rate taking effect on Saturday, 12 September 2026.

The PUNCH had earlier projected that fuel prices could rise again following an increase in global oil costs.

Saturday’s adjustment marks the fourth time the Dangote refinery has raised its petrol gantry price upward since 21 August.

The refinery had first raised the price from N1,165 to N1,185 per litre on 21 August, before increasing it further to N1,200 per litre on 26 August.

It was subsequently raised to N1,265 per litre on 29 August, and has now been increased by another N85, bringing the gantry price to N1,350 per litre within three weeks.

Taken together, the successive increases have pushed the refinery’s petrol price up by N185 per litre, representing a rise of about 15.9 per cent in 22 days.

A circular issued late on Friday by the Group Commercial Operations office of the Dangote refinery informed customers of the revised prices.

Petroleumprice.ng also confirmed that the new gantry price stands at N1,350 per litre, noting that the coastal delivery price had equally been adjusted, from N1,669,545 to N1,783,530 per metric tonne.

Customers were directed to return all existing Authority to Collect documents for repricing, after which a new volume contract would be issued to enable immediate resumption of loading.

The circular further advised customers to reach out to the company for any additional clarification.

The latest price adjustment comes amid elevated international crude oil prices.

Brent crude recently climbed above $104 per barrel, having earlier surged past $107, as the prolonged confrontation between the United States and Iran continued to disrupt oil supplies through the Strait of Hormuz.

Oil flows through the strategic waterway have fallen sharply in recent weeks, with volumes dropping well below levels recorded during the earlier recovery period.

Attacks on tankers and restricted shipping activity have intensified supply concerns, keeping global benchmark prices firm and placing upward pressure on refined product costs worldwide.

Officials of the Dangote refinery did not respond to messages seeking further details about the latest price hike.

The continued rally in oil prices has piled pressure on domestic petrol prices, which have climbed from about N830 per litre before the Middle East crisis to N1,395 or more, depending on location.

Before the crisis began on 28 February, crude oil traded below $69 per barrel. The subsequent disruption to global oil supplies, however, pushed international prices sharply higher, prompting the Dangote refinery and fuel importers to adjust their pricing.