Dangote Petroleum Refinery has increased the price of petrol to ₦1,275 per litre and diesel to ₦1,950 per litre in a fresh upward review of its fuel rates.
The adjustment reflects an increase of about ₦75 per litre for petrol and ₦200 per litre for diesel, according to market reports tracking the refinery’s latest pricing update.
Industry observers link the revision to ongoing volatility in global crude oil prices, fluctuations in foreign exchange rates, and rising production and distribution costs within the energy sector.
The price change is expected to have a ripple effect across transportation, logistics, and consumer goods, as fuel costs play a major role in determining overall inflation trends.
Analysts caution that further adjustments may follow if international oil market conditions remain unstable in the coming weeks.
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