Dangote Petroleum Refinery has again effected an upward review of its ex-depot prices, with the price of petrol now N1,175 per litre, while diesel has been raised to N1,620 per litre.
The new pricing template which has been communicated to marketers, is the fourth review since March 2.
The development came after the refinery temporarily suspended petrol loading operations and restricted truck-out activities, which had fuelled speculation among market participants about an imminent price adjustment.
Under the revised structure, the N1,175 per litre petrol price represents a sharp increase from the previous N995 per litre, while diesel has risen significantly from N1,430 per litre, reinforcing the upward trend in domestic fuel pricing.
