Dangote Refinery has once again raised the gantry price of its Premium Motor Spirit (PMS), commonly known as petrol, marking the second increase in less than two weeks.
A recent survey of the oil market revealed that the refinery has adjusted its gantry price from N1,185 to N1,200 per litre.
This N15 increase follows a previous hike on August 21, when the price was raised by N20 from N1,165 to N1,185 per litre. In total, the gantry price has climbed by N35 in under a fortnight.
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Despite these price adjustments, Dangote Refinery, a major supplier of petrol in Nigeria, is reportedly continuing its free fuel delivery initiative to 10 locations across the country, including the capital, Abuja.
This development coincides with a separate price adjustment by the Nigerian National Petroleum Company Limited (NNPCL).
The state-owned oil firm recently increased its petrol pump price by N20, bringing it to N1,270 per litre in Abuja and surrounding areas.
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Consequently, consumers in the capital are now purchasing petrol at prices ranging from N1,230 to N1,299 per litre at various retail outlets.
The NNPCL’s price hike occurred despite the falling price of crude oil on the international market and Dangote’s ongoing free delivery program.
