Dangote raises petrol price to ₦1,175/litre in third weekly hike

The Dangote Petroleum Refinery has increased the gantry price of Premium Motor Spirit (PMS) to ₦1,175 per litre, marking the third upward adjustment in petrol prices within just seven days.

The latest revision, communicated to marketers and depot operators on Monday, raises the ex-depot price from ₦995 per litre (announced on Friday) by ₦180, representing an 18.1 per cent surge in three days.

The refinery, according to reports, also adjusted the gantry price of Automotive Gas Oil (diesel) to ₦1,620 per litre.

The fresh hike follows earlier adjustments that lifted gantry prices from ₦774 to ₦995 per litre last week.

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