Dangote Refinery was expected to crash petrol price – SHEHU SANI

Saturday, January 18, 2025 - Former Kaduna Central Senator, Shehu Sani, on Saturday decried the hike in the price of fuel by Dangote Refinery.

Sani said Nigerians expected that Dangote Refinery would crash the price of fuel, stressing that the increase was baffling.

Posting on X, Sani wrote: “The expectation was that Dangote Refinery will crash the price of petrol; the news that it’s increasing is baffling.”

On Friday, Dangote Petroleum Refinery had confirmed an increase in the price of PMS to its customers.

The refinery had disclosed that its refined products would be sold at N955 per litre at the loading gantry.

Marketers, who are buying between 2 million – 4.99 million litres, will now purchase it at N955 per litre while 5 million litres and above will buy at N950 per litre.

This represents an increase of N55.5 or 6.17% from N899.50 per litre that was fixed last December.

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

Following the announcement, the retail price of petrol increased to between N1030 and N1,050 per litre.