HomeBusinessRevealed: Why Dangote Refinery increased diesel price

Revealed: Why Dangote Refinery increased diesel price

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Dangote Petroleum Refinery resumed diesel sales after an eight-day halt, but marketers will now pay more at the loading gantryThe new gantry price marks a ₦150 rise from the previous rate, driven by climbing international crude oil costsThe price change is expected to push up ex-depot diesel prices nationwide, hitting manufacturers and small businesses hard

Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.

Dangote Petroleum Refinery has resumed the sale of Automotive Gas Oil (AGO), commonly known as diesel, after an eight-day suspension, but marketers will now pay a higher price as the company raises its gantry rate to ₦1,650 per litre.

The latest pricing marks a ₦150 increase from the previous ₦1,500 per litre, representing a 10% rise, according to data obtained by Petroleumprice.ng.

Dangote Refinery raises diesel price after reverting to naira salesNew diesel prices emerge at Dangote Refinery after reverting to naira sales. Credit: Bloomberg/Contributor
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The new rate takes

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