Dangote Refinery has increased the price of its Premium Motor Spirit amid soaring global crude oil prices and threats by United States President Donald Trump to heighten tensions with Iran.

UGAMATV gathered on Tuesday that the refinery raised its petrol price to N1,275 per liter, up from N1,200.

This means that the $20 billion refinery increased its gantry fuel price by slightly N75 or 5 percent.

The development comes after nearly a week of stable domestic fuel prices despite crude oil price volatility.

On Monday, the president of Dangote Refinery, Aliko Dangote, assured Nigerians and Africans of maximum and sufficient petrol supply despite the disruption caused by the Iran-United States-Israel war.

“What I can do is assure Nigerians and most of West Africa, Central Africa, and East Africa that we have the capacity to supply them,” he said during a tour of the plant.

Recall that on March 27th, 2026, the refinery reduced its gantry petrol price as the global oil price dropped.

UGAMATV reports that West Texas Intermediate and Brent crude stood at $110 and $105 per barrel as of the filing of this report.

This follows threats by Trump, on Tuesday that a whole civilization will die Tuesday night in reference to Iran.