July 22, 2026
Dangote resumes coastal PMS loading at new pricing
Business News

Dangote resumes coastal PMS loading at new pricing

Dangote Rejects NNPC’s Bid for Higher Stake in Refinery 

Dangote Petroleum Refinery has resumed coastal loading of petrol after an eight-day halt, introducing a new marine price of $1,161.23 per metric tonne, up 11.2% from $1,044.62 previously — its first pricing adjustment since shifting to dollar-denominated sales this month.

Coastal customers were notified Tuesday, with loading resuming July 21. Gantry loading for trucks, suspended alongside coastal deliveries since July 15, remains halted, though industry sources expect it to resume soon with a revised price.

Dangote Group has publicly disputed claims that gantry sales were halted. Group spokesperson Anthony Chiejina said on July 16 that the claims were false. 

The suspension disrupted Nigeria’s downstream supply chains, pushing Lagos ex-depot petrol prices up roughly 18.6% to about ₦1,275 per litre. Dangote has linked the pricing shift to inadequate naira-denominated crude supply from NNPCL, a claim NNPCL disputes, saying it has allocated all available naira crude cargoes.

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