Dangote Petroleum Refinery has resumed gantry loading of petrol in naira. This comes after a week-long suspension, ending uncertainty in the downstream sector over its temporary shift to dollar-denominated sales.
According to reports, the refinery has fixed its new ex-depot (gantry) price at N1,215 per litre, representing an increase of N140 per litre, or 13.02 per cent, from the previous price of N1,075 per litre.
The increase in the gantry price is directly connected to the sharp rally in global crude oil prices, which has raised the cost of producing refined petroleum products, including petrol, diesel and aviation fuel, increasing concerns over fresh fuel price hikes in Nigeria and other oil-importing countries.
The price adjustment also comes at a time when domestic petrol prices have already risen sharply following increases in ex-depot prices by major suppliers, raising fears of another round of increases at filling stations.
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