Dangote Raises Petrol Value for Bulk Consumers to N955 per Litre
As a result of sustained upward development within the value of Brent crude, the worldwide oil benchmark, Dangote Petroleum Refinery has notified its clients of a value improve for Premium Motor Spirit, generally known as petrol, efficient instantly.
In an electronic mail assertion obtained by our Correspondent on Friday, the refinery introduced that its refined merchandise would now be priced at N955 per litre on the loading gantry, marking an adjustment in its pricing construction.
It famous that entrepreneurs shopping for between 2 million – 4.99 million litres will now purchase at N955 per litre whereas 5 million litres & above will purchase at N950 per litre.
The quantity marks a rise of N55.5 or 6.17 per cent from N899.50 per litre introduced as a vacation low cost for Nigerians final yr December.
This adjustment applies to all inventory balances but to be lifted by the said time whereas pending inventory as of the efficient time may even be repriced on the up to date charges.
The assertion added that the brand new value regime will take impact from 5:30 PM, right this moment.
The discover titled, “Communication on PMS Value Assessment” learn, “Pricey Esteemed Buyer, Belief this electronic mail finds you effectively.
“Kindly be suggested that efficient from 5:30 PM right this moment, an upward adjustment has been carried out on the gantry value of Premium Motor Spirit.
Amount
Earlier Value (NGN/Litre)
2 million-9.99 million -N899.50
Learn Additionally:
10 million Litres & Above N895
Amount
New Value (NGN/ Litre)
2 million – 4.99 million N955
5 million Litres & Above N950
“Please notice that each one inventory balances but to be lifted as on the above-stated time are to be repriced on the new reviewed costs.
“We will talk with clients on their revised volumes primarily based on the reviewed costs, in the end.”
The value improve is predicted to have widespread results on the downstream petroleum sector, notably personal depots and retail markets.
An oil and gasoline professional, Olatide Jeremiah, mentioned depots are poised to extend the loading value of refined petroleum merchandise due to the heavy affect of the refinery.
Jeremiah, who’s the Chief Govt Officer of petroleum value.ng, mentioned, “Dangote Refinery’s affect on Gasoline value has turn into unmatched; personal depots, Main entrepreneurs, and unbiased Entrepreneurs will compete with this new value. Due to this fact, Nigerians ought to count on a rise in Petrol Pump Value.
“Brent Crude oil as of right this moment is $81.84, highest in 2025, its one main issue for the rise.”
On Thursday, the Minister of State Petroleum Assets (Oil), Heineken Lokpobiri, disclosed that the value of crude oil within the worldwide market stays a serious power in driving the fluctuations within the pump costs of petrol.
He mentioned the downstream sector is now absolutely deregulated with the federal government not concerned in setting costs.