The retail price of Premium Motor Spirit has been raised by N100 per liter countrywide, according to Dangote Refinery.
This was revealed by the corporation in a statement on Monday.
The $20 billion refinery plant reports 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.
The business said, “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 chief executive officer 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 downtime of its Residual Fluid Catalytic Cracker (RFCC), Dangote Refinery turned to gasoline imports to increase its capacity.
Retail gas outlets, such as Nigerian National Petroleum Company Limited, were charging between N805 and N830 per liter as of Monday night.
However, Dangote’s increase in gasoline prices can lead to an increase in gas prices throughout the nation’s downstream industry.
Remember that the refinery’s president, Aliko Dangote, declared in December of last year that its retail fuel price of N739 per liter will continue nationwide in order to outbid importers.
“We don’t want people to sell petrol for more than N740 nationwide,” Dangote stated during the briefing with journalists on Sunday, December 14.
