Dangote refinery raises petrol price to ₦1,350 per litre
Dangote Refinery has increased its ex-depot price of Premium Motor Spirit to ₦1,350 per litre, marking another upward adjustment in recent weeks. The change was confirmed by a senior official and reflects ongoing supply and cost pressures in the market. Marketers have responded by updating their pricing templates, which is expected to lead to higher pump prices nationwide. The frequent price changes highlight the refinery’s growing influence and the volatility in Nigeria’s deregulated fuel market.
TLDR
- Dangote Refinery raised its ex-depot petrol price from ₦1,275 to ₦1,350 per litre, a ₦75 increase.
- The new price has been implemented across all loading channels, forcing marketers to adjust their prices.
- The refinery has made several price adjustments in the past month due to changes in crude costs, forex, and domestic distribution.
- A temporary halt in the issuance of pro forma invoices earlier this week contributed to supply constraints and price hikes.
- The increase is expected to push up transportation and commodity prices, affecting millions of Nigerians.
