Dangote increases fuel price from N899 per liter to N955

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Customers of the Dangote Petroleum Refinery have been informed that the price of Premium Motor Spirit, or PMS, commonly referred to as gasoline, has increased.

An email statement on Friday included this information.

The refinery has said that the loading gantry will sell its refined products for N955 per liter.

Now, marketers who buy between 2 million and 4.99 million liters will pay N955 per liter, while those who buy 5 million liters or more would pay N950 per liter.

Compared to the fixed price of N899.50 per litre set in December of previous year, this implies an increase of N55.5 or 6.17%.

The notice said: “Kindly be advised that effective from 5:30 PM today, an upward adjustment has been implemented on the gantry price of Premium Motor Spirit.

Quantity

Previous Price (NGN/Litre)

2 million-9.99 million -N899.50

10 million Litres & Above N895

Quantity

New Price (NGN/ Litre)

2 million – 4.99 million N955

5 million Litres & Above N950

“Please note that all stock balances yet to be lifted as at the above-stated time are to be repriced at the new reviewed prices.

“We shall communicate with customers on their revised volumes based on the reviewed prices, in due course.”


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