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Petroleum product depots across Nigeria released fresh loading prices after Dangote Refinery raised its ex-depot petrol price Depot loading prices ranged from N1,032 per litre to N1,250 per litre across Lagos, Port Harcourt, Warri, and CalabarIndustry analysts warned that the new depot prices could push retail pump prices higher as marketers factor in rising cost
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Petroleum product depots across Nigeria have announced revised petrol loading prices following a fresh upward adjustment by the Dangote Petroleum Refinery to its ex-depot price of Premium Motor Spirit (PMS).
Dangote refinery shocked the market after it announced to its customers that petrol will now be priced in dollars.
Dangote’s latest petrol price increase reshapes depot market Photo: BloombergSource: Getty Images
Dangote increase petrol price
The decision, coupled with renewed hostilities between the United States and
