Dangote Refinery has announced a N100 per liter increase of the retail price of Premium Motor Spirit (PMS) nationwide.
The refinery revealed this in a statement on Monday.
According to the $20 billion refinery, its gantry price of petrol is now sold at N799 per liter, while the retail price is N839 per liter, up from N699 and N739 per liter sold since December last year.
“Under the current alignment, the PMS gantry price is N799 per liter, while MRS retail outlets are selling at N839 per liter,” the company stated.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the refinery continues to supply the domestic market with approximately 50 million liters of PMS daily, with nationwide evacuation and distribution operating normally.
Recalls that Dangote Refinery resorted to gasoline imports to boost its capacity amid its Residual Fluid Catalytic Cracker (RFCC), downtime, according to Kpler.
As of Monday night, retail filling stations, including Nigerian National Petroleum Company Limited, dispense petrol between N805 and N830 per liter.
However, Dangote’s fuel price increase may trigger a petrol price hike across the country’s downstream sector.
