Dangote Refinery Raises Petrol to N1,275, Diesel to N1,950

Dangote Petroleum Refinery has hiked its gantry price for petrol by N75 to N1,275 per litre and increased diesel by N200 to N1,950 per litre. A refinery official told our correspondent the adjustment follows global crude benchmarks and recent tensions in the Middle East. Petrol rose by about 5%, while diesel jumped over 11%. The new rates could push pump prices higher, potentially breaching N2,000 per litre for diesel across Nigeria. This move underscores how domestic fuel costs remain tied to international markets despite growing local refining capacity. Industry watchers warn that these higher energy costs may fuel inflationary pressures and slow the pace of economic recovery.

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