𝐃𝐚𝐧𝐠𝐨𝐭𝐞 𝐑𝐞𝐟𝐢𝐧𝐞𝐫𝐲 𝐄𝐱𝐩𝐥𝐚𝐢𝐧𝐬 𝐑𝐞𝐚𝐬𝐨𝐧 𝐟𝐨𝐫 𝐏𝐞𝐭𝐫𝐨𝐥 𝐏𝐫𝐢𝐜𝐞 𝐇𝐢𝐤𝐞 - 𝐎𝐟𝐟𝐢𝐜𝐢𝐚𝐥

Dangote Refinery has said that the recent adjustment in the company’s ex-depot price of petrol “is directly related to the significant increase in global crude oil prices”.

The company assured Nigerians that three of its partners will sell petrol for ₦970 per litre nationwide despite the company’s recent increase in the ex-depot price of petrol.

A spokesman for the refinery Anthony Chiejina in a statement on Sunday said, “While we have made a 5% adjustment to our ex-depot price from N899.50 to N950 per litre, it is important to note that this increase is considerably lower than the 15% rise in global crude oil prices, which has seen Brent Crude rise from $70 to $82 in a matter of days, in addition to the premium for Nigerian crude (approximately $3 per barrel) in international markets.

“Furthermore, Dangote Refinery has maintained the Single-Point Mooring (SPM) ex-vessel price at N895 per litre.