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Private fuel depot owners across Nigeria raised petrol prices to between N1,200 and N1,230 per litre after Dangote Refinery stopped gantry loading operationsThe suspension followed Dangote Refinery’s July 13 decision to switch from naira to dollar pricing for petrol, diesel, and aviation fuel at the gantryIndustry groups warned that the policy shift could push pump prices higher and gradually dollarise Nigeria’s domestic fuel market
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.
Private fuel depots across Nigeria have raised petrol prices above N1,200 per litre following a halt in gantry loading operations at Dangote Petroleum Refinery, fuelling fears of further increases at the pump.
Data gathered by Petroleumprice.ng, a platform that monitors downstream petroleum market activity, showed that depots in Lagos, Warri, Port Harcourt and Calabar revised their ex-depot prices to between N1,200 and N1,230 per
