The retail price of Premium Motor Spirit would rise by N100 per liter nationwide, according to Dangote Refinery.
This was revealed by the business in a statement on Monday.
The $20 billion refinery plant claims that the retail price of gasoline is now N839 per liter, up from N699 and N739 per liter since December of last year. The gantry price is currently N799 per liter.
According to the firm, “the PMS gantry price is N799 per liter under the current alignment, while MRS retail outlets are selling at N839 per liter.”
According to David Bird, the CEO of Dangote Petroleum Refinery, the refinery is still producing about 50 million liters of PMS per day for the domestic market, and evacuation and distribution across the country are running smoothly.
Kpler noted that during the outage of its Residual Fluid Catalytic Cracker, or RFCC, Dangote Refinery turned to gasoline imports to increase its capacity.
Nigerian National Petroleum Company Limited and other retail filling stations were charging between N805 and N830 a liter as of Monday night.
Dangote’s gasoline price increase, however, might lead to an increase in gas prices throughout the downstream sector of the nation.
Remember that the refinery’s president, Aliko Dangote, stated in December of last year that its retail fuel price of N739 per liter will remain the same nationally in order to outbid importers?
“We don’t want people to sell petrol for more than N740 nationwide,” Dangote stated during the press conference on Sunday, December 14.
