The Digest:
Dangote Petroleum Refinery has raised the ex-depot price of Premium Motor Spirit (petrol) from N1,175 to N1,245 per litre, effective midnight March 21, citing escalating global geopolitical tensions. The coastal price also rose from N1,512,648 to N1,606,518 per metric tonne. The...
Petrol prices across Nigeria have surged close to ₦1,000 per litre, as the Iran-Israel conflict pushes crude oil prices to multi-month highs. Marketers warn that more hikes may follow unless tensions ease.
Fuel now sells for ₦955–₦960/L in cities like Abuja, Lagos, and Kano.
Dangote Refinery...
Following Dangote Refinery's recent petrol price reduction to ₦835 per litre, several filling stations in Abuja have temporarily closed due to financial losses from unsold higher-priced stock. This move underscores the challenges faced by retailers amid fluctuating fuel prices.
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