Dangote Refinery Raises Ex-Depot Petrol Price to ₦1,350 per Litre
Dangote Refinery has increased its ex-depot price for Premium Motor Spirit to ₦1,350 per litre, marking a ₦75 rise from the previous ₦1,275. The adjustment, confirmed by refinery officials and pricing platforms, reflects tightening supply conditions and rising cost pressures. The new gantry price is effective across all loading points, prompting marketers to update their depot rates immediately. This is the second ₦75 increase in just seven days, highlighting volatile pricing trends in the downstream sector. Refinery insiders say a temporary halt in pro forma invoice issuance created a short-term squeeze, while global crude movements and logistics expenses added to the upward push. Despite these hikes, the refinery has been subsidising its petrol and diesel sales. Consumers nationwide can expect higher pump prices and transport fares, adding to inflationary pressures on daily living costs.
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