The management of Dangote Refinery has announced a fresh increase in the ex-depot price of petrol.
themomentng reports that Dangote increased the ex-depot price of petrol by ₦75, increasing it from ₦1,200 to ₦1,275 per litre, while coastal prices have gone up to ₦1,215 per litre.
This adjustment amid Brent crude trading at $114.80 per barrel marks a 3.15% increase.
As earlier reported by Naija News, the Nigerian National Petroleum Company Limited (NNPCL) has raised the official selling prices of all 37 Nigerian crude grades for May-loading cargoes amid rising global oil prices linked to tensions in the Middle East.
According to a report by Oilprice.com, the national oil company increased the price of Nigeria’s flagship crude grade, Bonny Light, by $6.13 per barrel for May, compared to April.
