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Dangote Refinery raises petrol prices to N1,120 per litre amid global oil price surgeInternational crude prices climb due to increased geopolitical tensions in the Middle EastHigher petrol costs may strain households and businesses, raising fears of further increases
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS), popularly known as petrol, by N44 per litre, to N1,120 per litre, marking another significant adjustment as global crude oil prices continue to surge amid escalating geopolitical tensions in the Middle East.
The latest increase comes barely 24 hours after the refinery announced the suspension of naira-denominated fuel sales, directing marketers to pay for petroleum products in United States dollars.
Nigerians to pay more as Dangote Refinery increases petrol prices. Credit: Bloomberg/ContributorSource: Facebook
The development signals fresh pressure on Nigeria’s downstream petroleum market, where depot prices
