The Dangote Petroleum Refinery has raised the ex-depot price of Premium Motor Spirit (PMS) to N850 per litre, up from N820 — a N30 increase.
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, confirmed the development in an interview on Friday, adding that the refinery has resumed petrol sales after suspending supply last week.
“The new ex-depot price of petrol at the refinery is N850 per litre,” Maigandi stated.
The price adjustment means petroleum marketers and retailers will now pay more to lift products from the 650,000-barrel-per-day facility — a cost likely to be passed on to consumers.
Between last weekend and Monday, some petroleum marketers, including the Nigerian National Petroleum Company Limited (NNPCL), had raised their pump prices in Abuja to as high as N955 per litre before easing slightly to N900.
Currently, major filling stations such as Ranoil, AA Rano, and Empire Energy are selling petrol in the Federal Capital Territory between N950 and N955 per litre.
This latest increase comes amid growing public concern over the rising cost of fuel and its ripple effect on transportation, goods, and services nationwide.
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