The Dangote Petroleum Refinery has increased its ex-depot price of Premium Motor Spirit (petrol) by N75 per liter and temporarily suspended product sales following a disruption in its Proforma Invoice processing system.
Price data obtained from Petroleumprice.ng, alongside confirmation from an official at the refinery, showed that the loading price was adjusted from N1,200 per liter to N1,275 per liter. Coastal supply prices also rose to N1,215 per liter.
A refinery official confirmed the adjustment, stating: “Yes, the increase of PMS to N1,275 per litre is true. Coastal price is N1,215.”
According to sources familiar with the development, the refinery halted its Proforma Invoice entry process around 4:00 pm on Tuesday. The disruption affected normal scheduling across its loading operations and led to a temporary suspension of both petrol and Automotive Gas Oil sales.
The Proforma Invoice system is a key part of the refinery’s supply chain process, as it coordinates product allocation and loading for marketers and distributors. The pause in its operation reportedly created a ripple effect across downstream activities.
The combined impact of the price increase and sales suspension has already begun to generate reactions within the petroleum distribution sector. Marketers and traders are reportedly assessing the potential impact on depot costs and future retail pricing.
Industry stakeholders are also watching closely, as changes in ex-depot prices often influence pump prices nationwide, depending on distribution margins and logistics costs.
The adjustment comes at a time when Nigeria’s downstream oil market continues to adjust to evolving supply dynamics following domestic refining developments and shifting import patterns.
While operations are expected to stabilize after the invoice system is restored, market participants are bracing for possible short-term volatility in pricing and product availability.
For now, attention remains on how quickly the refinery resolves the technical disruption and whether the new pricing structure will remain in place once normal loading activities resume.
