Dangote Refinery Unveils New Petrol Price Amidst Rising Market Demands Details

In response to the continued rise in Brent crude prices, the Dangote Petroleum Refinery has announced a revised price list for its Premium Motor Spirit (PMS), commonly known as petrol or fuel.....KINDLY READ THE FULL STORY HERE▶

According to a statement reportedly sent via email on Friday, The PUNCH quoted Dangote Refinery, revealing that the new price for its refined products will be set at ₦955 per litre at the loading gantry. This marks a change in its pricing structure.

The refinery indicated that marketers purchasing between 2 million and 4.99 million litres will be charged ₦955 per litre, while those acquiring 5 million litres or more will receive a slightly lower rate of ₦950 per litre.

This adjustment reflects an increase of ₦55.5, or 6.17%, from the ₦899.50 per litre price offered as a holiday discount to Nigerians in December of the previous year.

The new pricing framework will apply to all stock balances that have not been lifted by the specified deadline, with pending stock as of the effective time also subject to the revised rates.

The statement further noted that this new pricing structure will take effect at 5:30 PM today.

The notice titled, “Communication on PMS Price Review,” read,
“Dear Esteemed Customer, Trust this email finds you well.

“Kindly be advised that effective from 5:30 PM today, an upward adjustment has been implemented on the gantry price of Premium Motor Spirit.

Quantity:

Previous Price (NGN/Litre)
2 million-9.99 million -N899.50
10 million Litres & Above N895

New Price (NGN/ Litre)
2 million – 4.99 million N955
5 million Litres & Above N950”