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Depots across Lagos, Warri, Port Harcourt and Calabar released new loading prices following Dangote Refinery’s shift to dollar-denominated salesDepot petrol prices climbed by as much as N118 per litre during the week as retail pump prices increased at filling stationsThe federal government is in active talks with Dangote Refinery and key regulators over a possible return to naira-denominated transactions
Petroleum product depots across Nigeria have released revised petrol loading rates, with prices jumping by as much as N118 per litre during the week, following Dangote Refinery’s decision to price refined products in United States dollars.
The refinery’s shift to dollar-denominated sales of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) and Aviation Turbine Kerosene (ATK) has pushed up replacement costs for marketers.
In reaction, compelling private depots in Lagos, Warri, Port Harcourt and Calabar to update their loading prices accordingly.
Nigerians may pay more for petrol as depots release new loading price Photo: NurphotoSource:
