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