Dangote Refinery 4.webp
The Digest:

The retail price of Premium Motor Spirit (PMS) from Dangote Refinery has surged to N950 per litre at major outlets in Abuja, including MRS, Ardova, and Optima stations. This N100 increase comes despite the refinery’s large-scale production capacity and recent government initiatives aimed at stabilizing fuel supply and pricing across Nigeria.

Key Points:
  • Dangote Refinery’s petrol price rose to N950 per litre at MRS stations in Abuja.
  • The increase represents a N100 jump from the previous price of N851 per litre.
  • Ardova and Optima stations, also supplied by Dangote, followed the same price hike.
  • A station manager cited a rise in wholesale prices due to supply shortages.
  • Dangote Refinery has reportedly halted gantry loading amid production issues.
  • NNPCL and other major stations recently increased prices to N955 per litre.
  • Nationwide, petrol now sells between N950 and N990 per litre.
As fuel costs continue to climb, the promise of local refining easing the burden on Nigerians remains tested by the realities of supply and market dynamics.

Sources: DAILY POST