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Dollar-Priced Dangote Supply and Iran Tensions Push Petrol to ₦1,230

Dollar-Priced Dangote Supply and Iran Tensions Push Petrol to ₦1,230

Fuel prices have surged to ₦1,230 per litre as Dangote refinery begins dollar-based sales and global crude prices rise amid US–Iran tensions. Petroleum marketers’ association warns that monopoly pricing undermines stability. Independent marketers reported loading delays, but the refinery insists supplies continue uninterrupted. Latest data shows depot rates ranging from ₦1,185 to ₦1,245 per litre nationwide. A survey of filling stations in major cities reveals pump prices between ₦1,100 and ₦1,230. Motorists and transport operators say high costs are cutting profits and forcing fare hikes. Many fear dollar-denominated pricing will expose local prices further to forex volatility.

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K
kris

With fuel at ₦1,230 per litre after dollar pricing, how una dey manage this level wahala for fuel?

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B
bola

True, these rates are harsh. I've started planning trips carefully and sharing rides where possible.

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D
dapo

It seems the petroleum marketers' association warning about monopoly pricing overlooks global crude price trends and loading delays that drive costs.

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J
jaruma

Maybe this price hike isn't solely about refinery dollars; local inefficiencies and corruption often add hidden costs to petrol sales too.

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J
jayjay

Drivers can track station availability closely and join cooperative fuel-buying groups to reduce delays and negotiate better bulk prices.

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