Dangotel Refinery has again raised the ex-depot price of petrol by N75 per litre, bringing the price to ₦1,350 per litre from the previous price of ₦1,275.
This development is coming seven days after the refinery raised its ex-depot price from N1,200 to N1,275 per litre.
Thefrontrank reportd that the refinery had on April 29 increased the ex-depot price of petrol by N75.
The latest adjustment was confirmed on Wednesday, May 6 by a senior official of Dangote Refinery and pricing platform Petroleumprice.ng, represents a N75 increase from the previous N1,275 per litre.
The official said the new gantry price has been implemented across all loading channels, forcing marketers to immediately adjust their pricing templates amid tight supply conditions and shifting cost realities.
The hike is expected to lead to higher prices across the country, as marketers pass on the additional costs to consumers already grappling with inflation and high transportation expenses.
