Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS), commonly known as petrol, citing rising global crude oil prices.

In a statement released on Friday, the refinery announced that the new bulk purchase rate for customers buying between 2 million and 4.99 million litres is now N955 per litre. Bulk buyers purchasing 5 million litres or more will pay N950 per litre.


The adjustment represents a 6.17% increase, equivalent to N55.5 per litre, compared to the discounted rate of N899.50 per litre offered during December 2024’s holiday period.

The new pricing structure will take effect at 5:30 PM today, impacting all unsold stock and pending orders, according to the statement.

In a notice titled “Communication on PMS Price Review”, the refinery attributed the price hike to escalating global oil prices.

Jorussia:
I have been vindicated again.Forget all the noise,there is no way we as country can get the full benefit of full deregulation,if the govt don't address the current exchange rate.for Christ sake #1600 is too much and it doesn't have any Benefit to this country.The reasonable exchange should be around #800.

Jorussia:
I have been vindicated again.Forget all the noise,there is no way we as country can get the full benefit of full deregulation,if the govt don't address the current exchange rate.for Christ sake #1600 is too much and it doesn't have any Benefit to this country.The reasonable exchange should be around #800.

galserv:
Now, we MUST produce enough crude oil locally to feed our refineries so that we can be isolated from the international market fluctuations/shocks

Ladiesdoctor:
I’m not an expert. But after viewing and analyzing this post from beginning to the end, line by line, word by word, letter by letter. I came to the conclusion and I can say that I can’t say anything because as I said at the beginning, I'm not an expert. And I don't know why people will just decide to waste their time reading my comment when clearly I have nothing to say. And this person is still reading it

treesun:


https://www.vanguardngr.com/2025/01/dangote-refinery-raises-petrol-price-to-n955-litre/

saintopus:
But they told us that crude oil is being sold to Dangote Refinery in Naira so why the increase again

FreeStuffsNG:
Blame Biden who slammed new sanctions on Russian oil tankers.

Oil has actually increased significantly to over $80 in the international market since Biden announced the new sanctions that will prevent almost 1m barrel of crude daily supply to the market.

YourNextLevel:
When some people were hoping that relieve will come from the refinery in our soil, i just laughed


Guys you don't know these people. They cry when you touch them only, just like few months ago

Very Wicked men up there. If you know you know

tpain121:
😁😁😁😁

No stability. What a stupid country. Everybody behaving anyhow.

After dem go say no talk bad about your country.

saintopus:
But they told us that crude oil is being sold to Dangote Refinery in Naira so why the increase again

CodeTemplarr:
Not bad considering that crude price has gone up after the last petrol price reduction.