Again Dangote hikes petrol price to N1,350

The Dangote Refinery has again increased the ex-depot price of Premium Motor Spirit, moving it up to ₦1,350 per litre.

The latest adjustment was confirmed on Wednesday by a senior official of the refinery.

The new price marks a N75 jump from the previous N1,275 per litre.

It is the second increase of the same margin within a week.

The development continues a series of rapid price changes that have shaped the downstream fuel market in recent days.

Petroleum industry officials said on Wednesday that the updated gantry price has already been activated across all loading points.

This means marketers are now operating under the new template and adjusting their depot prices in response.

On Tuesday, it was sold for N1,330 at MRS filling stations.