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Petrol prices in Nigeria have surged over N100 per litre as marketers respond to changes from Dangote RefineryDepot prices rose by more than nine per cent following renewed geopolitical tensions impacting global oil pricesConsumers brace for higher fuel costs amid rising petrol prices and inflationary pressures on essential goods
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Petrol prices at depots across Nigeria have recorded sharp increases, with some marketers raising ex-depot prices by more than N100 per litre, barely a day after Dangote Petroleum Refinery suspended the sale of petroleum products in naira and switched to U.S. dollar transactions.
Although depot operators have not officially linked the latest price adjustment to Dangote Refinery’s new payment policy, industry observers say the refinery’s decision has added fresh pressure to the downstream market, contributing to higher fuel costs.
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