Dangote Petroleum Refinery don increase di gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre, wey go start from August 26, 2026.
Dis increase come just few days afta di refinery don raise price from N1,165 to N1,185 per litre.
Di increase follow one official message wey dem send to customers, wey tell dem to return Authorisation to Collect documents for repricing.
Even though international crude oil price dey fall, with Brent crude drop to $88.37 per barrel, dem still increase am. Di N15 increase fit make pump price go up, and petrol fit reach average of N1,250 per litre again.
Main Points:
• Di price increase no follow di way international crude price dey go down.
• Consumers fit face higher pump prices, with petrol wey fit reach N1,250 per litre.
• Di US-Iran conflict still dey cause trouble for global oil market.
• Dis increase fit make inflation worse and make transport cost go up.
• Di refinery pricing plan fit be sey dem dey protect themselves against future supply problems.
As Dangote dey increase prices even when crude cost dey fall and global supply risk still dey, di question be whether dis trend go continue and how e go affect Nigerian consumers.
