Dangote raises petrol to N1,200/l despite crude price decline
Dangote Refinery increases petrol price to N1,200/litre despite falling crude oil prices. Find out how this Dangote petrol price hike impacts consumers. Read More: https://punchng.com/dangote-raises-petrol-to-n1200-l-despite-crude-price-decline/
Dangote Petroleum Refinery and Petrochemicals FZE has raised the price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre, effective August 26, 2026. This increase comes despite a decline in international crude oil prices, with West Texas Intermediate crude trading at $82.13 per barrel, down 3.39 per cent, and Brent crude at $88.37 per barrel, down 4.12 per cent.
The refinery's announcement of the price hike was made through an official communication to customers, instructing them to return all Authorisation to Collect documents for repricing and receive a new volume contract for immediate loading resumption.
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