Dangote hikes petrol price three times in eight days
Dangote Petroleum Refinery has increased its petrol price three times in eight days, raising concerns about rising fuel costs. com/dangote-hikes-petrol-price-three-times-in-eight-days/
The Dangote Petroleum Refinery has raised its petrol price by N65 per litre for the third time in just eight days. The company increased the price from N1,200 to N1,265 per litre, taking effect on Saturday. This marks an 8.6% increase in the price of Premium Motor Spirit, or petrol. The refinery also raised its coastal price from N1,582,380 to N1,669,545 per metric tonne.
Customers are advised to return their existing Authorisations to Collect for repricing before loading resumes. This latest price hike brings the total increase to N100 per litre within the eight-day period. The Dangote refinery, Africa's largest oil refinery, has a daily capacity of 700,000 barrels. The company's recent actions come amid international oil market volatility and concerns over crude supply and logistics costs.
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