Dangote Refinery Adjust Petrol Depot Prices to N823/Litre Amid Rising Crude Costs
[NigerianEye - Nigeria] - 25/08/2025
Three major Nigerian Petroleum marketers—Dangote Petroleum Refinery, Aiteo, and AA Rano—have increased depot prices for Premium Motor Spirit (PMS), commonly known as petrol, from N821 to N823 per litre. The adjustment, made over the weekend, follows a rise in global crude oil prices from $65 to $67 per barrel.Vanguard’s investigations confirmed that Nigeria’s competitive downstream sector continues to respond to global market dynamics. While pump prices remain unchanged for now, they may rise this week if market conditions persist.“Frequent depot price adjustments stem from low crude oil (…)
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