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Dangote Refinery raises petrol and diesel prices, reshaping Nigeria’s petroleum market dynamicsLagos sees mixed petrol prices while diesel costs surge, reflecting market competitionCalabar defies trends with reduced petrol prices amidst national increases and uncertainties
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s petroleum products market experienced another week of price adjustments as fuel depots across the country released new petrol and diesel prices following Dangote Refinery’s upward review of its gantry rates.
The changes came after Dangote Refinery resumed naira-denominated fuel sales at higher prices.
New petrol prices emerge at depots after Dangote Refinery reverted to naira sales. Credit: Bloomberg/ContributorSource: Getty Images
At the same time, a brief surge in global crude oil prices above $100 per barrel increased concerns over replacement costs for petroleum marketers.
Dangote’s new prices reshape the market
The biggest development during the week was Dangote Refinery’s return to local
