Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit (PMS), also known as petrol, in naira after a week-long suspension, ending uncertainty in the downstream petroleum sector over its temporary shift to dollar-denominated sales.
Checks indicate that the refinery has increased its ex-depot (gantry) price to ₦1,215 per litre, up from the previous ₦1,075 per litre.
The new price represents an increase of ₦140 per litre, or approximately 13 per cent, and is expected to influence pump prices across the country.
The refinery attributed the price adjustment to the recent surge in global crude oil prices, which has significantly increased the cost of producing refined petroleum products, including petrol, diesel and aviation fuel.
Industry stakeholders say the development could trigger another round of fuel price increases nationwide, raising concerns over its impact on transportation costs, businesses and the overall cost of living.
