THE Dangote Refinery and Petrochemicals (DPRP) has raised its gantry rate for Premium Motor Spirit (PMS) petrol to N1,175 per litre from N995/l.
Alhaji Abubakar Maigandi, National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed this to The Nation by phone on Monday. He added that other depots now sell the product at N1,200 per litre.
A source in the industry said, “Dangote Refinery was selling petrol at N1,175/l while Pinnacle was selling it for N1200/l,” stressing, “but Dangote is not loading.”
The increase followed crises in the Middle East that raised crude oil prices to $115 per barrel.
Crude oil is the main component in the PMS pricing template.
As of the time of writing this report, retail outlets in the Federal Capital Territory (FCT) had yet to adjust their pump prices from N1,075 per litre to N1,090 per litre.
Gunshots on Monday rocked some wards in the Ondo Central Senatorial District in Ondo State…
A pregnant woman shockingly gave birth to a baby boy in the middle of a…
News Update THE All Progressives Congress, APC, has released the list of senatorial aspirants not…
THE Tanimu Turaki-led faction of the Peoples Democratic Party, PDP, is set to screen former…
A pedestrian has lost his life after being knocked down by a Toyota Coaster bus…
The Federal High Court in Abuja has granted bail to former Kaduna State Governor, Nasir…