Several petroleum products depot owners and marketers in Nigeria have increased their ex-depot petrol price over the alleged planned shutdown of Dangote Refinery’s petrol unit for maintenance and upgrades.
The latest ex-depot price hike is linked to the reported planned turnaround maintenance at the Dangote Refinery.
Speaking on the plan, Devakumar Edwin, Vice President of Dangote Industries, explained, as reported by Platts (S&P Global): “In most departments, our production levels have gone beyond 100 percent. We just need to remove constraints to raise overall output.”
Meanwhile, retail fuel prices stood between N739 and N910 per liter across major filling stations in Nigeria as of Saturday afternoon.
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