US EditionNigeria: Dangote's Partner Station MRS, NNPC Raise Petrol Price By N100/Litre
The refinery raised petrol prices by N75 per litre to N874 due to crude price volatility linked to the Iran–US–Israel conflict, with Brent crude hitting $78.50 per barrel, officials said.
- On Monday, Dangote Refinery increased its Premium Motor Spirit gantry price, Chinedu Ukadike, spokesperson of the Independent Petroleum Marketers Association of Nigeria, confirmed to DAILY POST.
- Refinery officials blamed global crude-price volatility after the Iran–United States–Israel conflict escalation as Brent benchmark rose to $78.50 and West Texas Intermediate to $71.84 on Monday from Saturday.
- The 650,000-barrel-per-day refinery raised its petrol price to N874 per litre, up from N799, following an earlier January 27 hike by Dangote Refinery to N799.
- Consumers face higher pump prices as the N75 per litre adjustment on Monday will trigger a retail fuel price hike nationwide, IPMAN said.
- Market observers note continued conflict-driven volatility as IPMAN framed the hike as the ripple effect of ongoing conflict amid a hike in global crude prices following the past three days.
17 Articles
17 Articles
Petrol Hits N960 In Abuja, N935 In Lagos As US/Israel, Iran War Affects Nigeria
The escalating conflict between the US, Israel and Iran which has nearly shut down the Middle East has started taking its tolls on Nigerians as filling stations have started adjusting pump price of premium motor spirit (PMS) otherwise known as petrol. Following the surge in prices of crude oil, Dangote Refineries had on Monday adjusted its gantry by N100, pushing the ex-depot rate to N874 per litre from N774. In response to this, filling station…
Nigeria: Dangote's Partner Station MRS, NNPC Raise Petrol Price By N100/Litre
Less than 24 hours after Dangote Petroleum Refinery & Petrochemicals raised the gantry price of Premium Motor Spirit (PMS), also known as petrol, by N100 per litre, its partner retail outlet, MRS Oil Nigeria Plc, and NNPC Limited have increased their pump prices by a similar margin.
BREAKING: Dangote Refinery increases petrol price by N75
Dangote Refinery has increased its Premium Motor Spirit gantry price. The 650,000-barrel-per-day refinery increased its petrol price to N874 per liter, up from N799. This means that the African’s largest refinery adjusted its petrol price by N75 per liter on Monday. The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, confirmed Dangote Refinery’s price hike to DAILY POST exclusively on Monday. Accordin…
Dangote Refinery Hikes Petrol Price to N874/Litre as Middle East Crisis Pushes Oil Higher - TV360 Nigeria
Ex-gantry price jumps by N100 amid Brent surge and widening supply disruptions linked to escalating U.S.–Iran tensions….. The Dangote Petroleum Refinery has raised its ex-gantry price for Premium Motor Spirit (PMS) to N874 per litre, reflecting mounting pressure from rising global crude oil prices. Sources at the refinery confirmed that the price was increased by N100, from N774 per litre to N874 per litre. “The refinery increased its ex-gantry …
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