Dangote Refinery Raises Petrol to ₦1,350/Litre Then Reverses Within Hours Under Public Pressure

Africa's largest refinery, the Dangote Petroleum Refinery, raised its ex-depot petrol price by ₦75 to ₦1,350 per litre on May 6 — a second consecutive weekly hike — attributing the increase to global oil price pressures linked to Middle East conflict. Following immediate market and public backlash, the refinery reversed the increase the same day, holding at ₦1,275 per litre. The episode illustrated the volatility of domestic fuel pricing following subsidy removal and Nigeria's growing dependence on a single private refinery for domestic supply.