Nigeria’s petrol market is witnessing renewed tension after the Dangote Petroleum Refinery increased its petrol loading price to about ₦1,175 per litre, following a brief reduction earlier in the week.

The adjustment is linked to rising global crude oil prices, which have increased refining costs. The refinery had previously dropped its ex-depot price to around ₦1,075 per litre before the latest upward review.

Meanwhile, the Federal Government’s decision to suspend petrol import licences has triggered disagreement among oil marketers.

Some marketers, including members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), support the policy and believe it will strengthen local refining and reduce dependence on imported fuel.

However, other industry players argue that domestic supply may still fall short of Nigeria’s fuel demand, warning that relying solely on local production could create supply pressure.

The debate comes as the Dangote refinery continues to play a growing role in Nigeria’s petrol supply chain, reshaping the country’s downstream petroleum sector.