Our reporter/ The Dangote Petroleum Refinery on Friday announced increased in the ex-depot price of its petrol.
The refinery in an email to customers said its refined products would now cost N955 per litre at the loading gantry.
According to the email, marketers buying between 2 million – 4.99 million litres will now pay N955 per litre while 5 million litres and above will be sold at N950 per litre.
“Kindly be advised that, effective from 5:30 PM today, an upward adjustment has been implemented on the gantry price of Premium Motor Spirit (PMS), as detailed in the table below,” the email reads.
“Please note that all stock balances yet to be lifted as at the above stated time, are to be repriced at the new reviewed prices.
“We shall communicate with customers on their revised volumes based on the reviewed prices, in due course.”
Chinedu Ukadike, the national publicity secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed the latest price adjustment.
“Yes, we received an email from Dangote that they have increased price from N899 to N955,” he said.
Dangote refinery in November last year reduced the petrol ex-depot price to N970 per litre and further lowered it to N899.5 in December.
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