Barely hours after increasing its gantry price for the fourth time in the month of March, the Dangote Petroleum Refinery has again raised its ex-depot price of Premium Motor Spirit (petrol) to N1,275 per litre, signalling deepening volatility in Nigeria’s deregulated downstream sector...READ FULL; ORIGINAL POST; FROM SOURCE.
The latest adjustment represents a N100 increase from the N1,175 per litre sold earlier in the month, translating to an 8.5 per cent rise, while it also reflects a N30 jump from the N1,245 per litre announced just hours earlier on Friday night.
It said the price list sent in its previous correspondence is no longer applicable.
The refinery also increased its coastal price from N1,512,648 per metric tonne to N1,646,748 per metric tonne, indicating a difference of N134,100, or an 8.9 per cent rise.
In a notice sent to marketers and customers obtained by our correspondent on Saturday morning, the refinery urged stakeholders to disregard earlier pricing templates.
The notice read, “Dear Valued Customer, kindly note that the prices contained in our previous correspondence are no longer applicable and should be disregarded.…READ FULL; FROM THE SOURCE.