Fuel Price Jumps Again
Nigeria’s fuel market took another turn as Dangote Petroleum Refinery raised the gantry price of petrol to ₦995 per litre.
The adjustment affects bulk buyers who lift the product directly from the refinery and could influence pump prices across the country.
The change came from the privately owned refinery founded by Aliko Dangote, which has become a major supplier of petrol in Nigeria since it began large-scale operations.
Marketers who purchase fuel from the plant now have to pay the new rate before distribution to filling stations.
Industry observers say the revised gantry price may push retail prices higher in several parts of the country as marketers adjust to the increased cost.
Petrol prices in Nigeria have already seen multiple changes since the removal of fuel subsidy.
The development adds pressure to consumers and businesses that depend heavily on petrol for transport and power generation, while attention remains on how quickly filling stations will reflect the new pricing.
