Prices of petrol have continued to rise across Nigeria after the Dangote Petroleum Refinery resumed the sale of Premium Motor Spirit (PMS) in naira and increased its ex-depot price by N140 per litre.
The development brings to an end its brief dollar-denominated pricing regime.
POLITICS NIGERIA reports that the refinery announced the development in a notice issued by its commercial department on Wednesday, confirming that the revised prices took immediate effect.
The decision comes one week after the 650,000 barrels-per-day refinery suspended truck loading of petrol and switched to dollar pricing, a move that disrupted fuel supplies, pushed up depot prices and unsettled the downstream petroleum market.
According to the notice, the gantry price of petrol rose from N1,075 per litre to N1,215 per litre, representing an increase of N140 or 13.02 per cent. The coastal loading price also increased from N1,441,575 per metric tonne to N1,602,495 per metric tonne.
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