Dangote Refinery has increased the retail price of Premium Motor Spirit (PMS) by N100 per liter, with the new price set at N839 per liter. The company’s gantry price is now N799 per liter.
According to a statement, the refinery’s daily supply of PMS remains at 50 million liters, with nationwide evacuation and distribution operating normally. CEO David Bird confirmed that the refinery is working to meet domestic demand.
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This price hike may trigger a petrol price increase across the country’s downstream sector, with retail filling stations expected to adjust their prices accordingly.
The Nigerian National Petroleum Company Limited and other stations are currently selling petrol between N805 and N830 per liter.