
Abuja petrol prices rise to N1,300 per liter following Dangote Refinery price adjustments
Filling stations in the Federal Capital Territory have increased petrol pump prices, with some reaching N1,300 per liter. This development follows a series of gantry price adjustments by Dangote Refinery, which raised its ex-depot price from N1,165 to N1,265 per liter within the last week. The increase in pump prices is observed despite a decline in international crude oil prices. An economist, Samson Ogunjimi, expressed concern over the financial pressure on livelihoods and called for government intervention to stabilize fuel prices. Chinedu Ukadike, National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, stated that marketers adjusted their prices due to the changes from Dangote Refinery, as they cannot sell below replacement cost. He noted that frequent price changes create uncertainty for both marketers and consumers.



