The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by ₦101, raising the ex-depot rate from ₦774 to ₦875 per litre, a move that could trigger fresh fuel price adjustments nationwide.
A senior official at the refinery confirmed the development to The PUNCH on Monday, attributing the upward review to recent volatility in global crude oil prices.
“Yes, the price has been reviewed. The new gantry price is now ₦875 per litre from ₦774. The review became necessary due to changes in global crude fundamentals and replacement costs,” the official said.
Checks on petroleumprice.ng showed that the revised gantry price had already been reflected, signalling a shift in downstream pricing benchmarks.See More Details. .
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