AGOS, Nigeria (CHATNEWSTV) — The Dangote Petroleum Refinery announced an increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, to N955 per litre at the loading gantry, effective Friday evening.
The adjustment marks a 6.17% rise from the N899.50 per litre holiday discount introduced last December.
In a statement sent to customers, the refinery outlined the new pricing structure: marketers purchasing between 2 million and 4.99 million litres will pay N955 per litre, while those buying 5 million litres or more will pay N950 per litre.
“All stock balances yet to be lifted as of 5:30 PM today will be repriced at the new reviewed rates,” the refinery said in the notice titled “Communication on PMS Price Review.”
The statement continued, “Kindly be advised that an upward adjustment has been implemented on the gantry price of Premium Motor Spirit. We shall communicate with customers on their revised volumes based on the reviewed prices, in due course.”
