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Dangote Refinery has accrued its Premium Motor Spirit gantry price.
The 650,000-barrel-per-day refinery accrued its petrol terms to N874 per liter, up from N799.
This means that the African’s largest refinery adjusted its petrol terms by N75 per liter connected Monday.
The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, confirmed Dangote Refinery’s terms hike to DAILY POST exclusively connected Monday.
According to him, the determination comes amid a hike successful planetary crude lipid prices pursuing the Iran-United States-Israel struggle escalation successful the past 3 days.
“It is owed to planetary crude lipid terms volatility pursuing the Iran-US-Israel war. It is the ripple effect of ongoing conflict,” helium told DAILY POST.
According to him, the improvement would trigger a retail substance terms hike nationwide.
DAILY POST reports that connected Monday, Brent and West Texas Intermediate crude blends rose to $78.50 and $71.84 per barrel, respectively, up from $72.87 and $67.02 connected Saturday.
Recall that connected January 27, Dangote Refinery had hiked its petrol terms by N100 per liter to 799 per liter.
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