Dangote Refinery Increases Fuel Price

 

Dangote Refinery has announced an increase in the price of ex-depot price of Premium Motor Spirit.

 

The refinery increased petrol from N820 to N850 per litre.

 

The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed in an interview on Friday.

 

This fresh increase represents a N30 hike in the ex-depot price of petrol.

 

“The new ex-depot price of petrol at the refinery is N850 per litre,” Maigandi said.

 

He also confirmed that the plant has resumed the sale of petrol products after its suspension last week.

 

The implication is that petroleum product marketers and retailers will have to pay more to get petrol products from the 650,000-barrel-per-day refinery.

 

Meanwhile, between last weekend and Monday this week, petroleum marketers, including the Nigerian National Petroleum Company Limited, had increased their pump price to N955 per litre in Abuja before decreasing to N900.

 

Other filling stations like Ranoil, AA Rano, and Empire Energy currently dispense petrol between N950 and N955 per litre in Abuja.