January 17, 2025
Citing rising global crude oil prices, Dangote Petroleum Refinery has increased the price of Premium Motor Spirit, (petrol)
The new pricing structure will take effect at 5:30 PM today, January 17, 2025 impacting all unsold stock and pending orders, according to a statement.
The refinery released a statement on Friday, to announce that the new bulk purchase rate for customers buying between 2 million and 4.99 million litres is now N955 per litre while buyer purchasing 5 million litres or more will pay N950 per litre.
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The adjustment represented a 6.17% increase, equivalent to N55.5 per litre, compared to the discounted rate of N899.50 per litre offered during yuletide season in December 2024.
The refinery attributed the price hike to escalating global oil prices in a notice titled “Communication on PMS Price Review”.
