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Private depot owners raised petrol and diesel loading prices across Lagos, Port Harcourt and Warri depots after Dangote Refinery switched to dollar-denominated salesPetrol prices climbed by as much as N113 per litre at Matrix Depot in Port Harcourt, which also recorded the biggest diesel increaseIndustry players expect the higher depot prices to put pressure on retail pump prices if the trend continues
Private petroleum depot owners have begun raising the loading prices of petrol and diesel across Nigeria’s major distribution hubs, days after the Dangote Petroleum Refinery announced it would conduct all gantry and coastal product sales exclusively in U.S. dollars.
Petrol depot prices range from N1,032 to N1,250 after Dangote announces another increase. Photo: BloombergSource: Getty Images
Data from the Petroleumprice.ng showed depot price report shows petrol prices climbed by as much as N113 per litre in some locations, while diesel loading prices rose by up to N150 per litre, with the
