Dangote petrol price rises by N185 in three weeks
Dangote Petroleum Refinery has increased its petrol gantry price to N1,350 per litre, marking a total increase of N185 in just 22 days. Read More: https://punchng.com/dangote-petrol-price-rises-by-n185-in-three-weeks/
The Dangote Petroleum Refinery has raised the price of premium motor spirit (petrol) by N185 in just three weeks. This increase, to N1,350 per litre, is the highest ever announced by the refinery since it began operations in 2024. The rise took effect on Saturday, bringing the refinery's gantry price up from N1,265 to N1,350 per litre.
This significant price hike occurred despite the international price of crude oil remaining below its peak during a previous surge in March. Brent crude was trading around $104 per barrel, down from $115 during the earlier price surge, and the naira was trading at a lower exchange rate against the dollar. The refinery has raised its petrol gantry price four times since August 21, achieving the current price hike of 15.9 percent within just 22 days.
The successive adjustments have resulted in an overall increase of N185 in the refinery's petrol gantry price, which is now higher than it was when international crude oil reached its recent peak.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
