Due to the purported planned shutdown of Dangote Refinery’s petrol unit for maintenance and upgrades, a number of Nigerian petroleum product depot owners and marketers have raised their ex-depot petrol prices.
Major depot owners are now selling for about N800 per liter, up from between N740 and N780, according to a check conducted on Saturday. While Dangote and Aiteo sold N702 and N740 per liter, this is the situation in Ranoil, Optima, AYM Shafa, and other depots.
The stated planned turnaround maintenance at the Dangote Refinery is connected to the most recent increase in ex-depot prices.
According to Platts (S&P Global), Devakumar Edwin, Vice President of Dangote Industries, discussed the plan and stated, “In most departments, our production levels have gone beyond 100 percent.” To increase overall output, we just need to remove limits.
As of Saturday afternoon, retail petrol prices in Nigeria’s major filling stations ranged from N739 to N910 per liter.
